We have a rigorous approach to governance, financial management and compliance. We are proud of the high standards we have reached in these areas and we continue to maintain a strong health and safety culture.
For us being a responsible business must also include our responsibility to create social value. In 2020, we invested £5.7 million directly into our communities through our Community Investment programme which, using the Housing Association Charitable Trust (HACT) social value calculator, delivered £10 million of social value alone.
We also aim to deliver social value through our relationships with suppliers, social enterprises and partnerships.
Our belief that strong financial management and a social value ethos can work together to empower local economies and create employment opportunities has resulted in us working with Supply Change to increase our relationships and spend with social enterprises. We now work with over 10 social enterprises, spending in excess of £1.6 million per annum and are actively looking to increase the percentage of spend with social enterprise partners.
We work with supply partners who share our values and play an important role in supporting our communities through the creation of social value. In the last year they have contributed over £240,000 towards our programmes.
Finally, through our involvement in partnerships such as South East Local Enterprise Partnership (SELEP), a partnership of organisations to support the social economy in South East LEP region, and the New Anglia Social Investment Partnership (NASIP), a partnership of organisations in Norfolk and Suffolk, we aim to support social enterprises to grow and thrive by accessing business support and finance to increase their impact in the community. This has resulted in us investing over £1 million of loan finance into social enterprises within our communities and delivering a £300,000 support programme to build the necessary infrastructure for the sector.