Looking Forward - Orbit`s developments plans

Queensway, Leamington Spa
Paul High
Executive Director
Queensway, Leamington Spa
Governance
Experienced Board meeting monthly
Board considers larger affordable schemes and all market led
acquisitions
Corporate Investment Group (Executive Directors incl. CE) meets
monthly
Independent Health and Safety Advisors visit all sites we control
directly
Regular internal and external (HCA/GLA) audit of schemes
Orbit Homes Board
Chris Crook
Chair
Professor
Tony Crook
Helen Devy
Richard
Berrett
Dev Gandhi
term ends October 2015
Neil Topping
term ends October 2015
Orbit Homes
Management Team
Paul High
Exec Director
Chris Jones
Maggie
McCann
Andrew
McDermott
Affordable
Development
Director
Affordable
Development
Director
Divisional
Market Sale
Director
Orbit HoE and OH
Business Support
Orbit East and
South
All market sale
activity
Adam Cooper
PRS Director
All PRS activity
Paul Satchwell
Finance
Director
HCA/GLA Programmes
HCA Affordable Homes Programme 2011-15 Outturn
HCA
Total In
Contract
Starts
Completions
Midlands
498
701
141%
701
141%
E&S East
1,019
996
98%
870
85%
Total
1,517
1,697
112%
1,571
104%
GLA
London
Total In
Contract
370
Starts
354
Completions
96%
354
96%
A further 188 homes attracted grant under other HCA/GLA programmes. These were on site at the
year end and due for completion by March 2017.
HCA/GLA Programmes
HCA Affordable Homes Programme 2015-18
HCA
Total In
Contract
Starts
Completions to August
2015
Midlands
902
447
50%
132
15%
E&S East
853
443
52%
0
0%
1,755
890
51%
132
15%
Total
GLA
London
Total In
Contract
213
Starts
51
Completions to August
2015
24%
0
0%
A further 22 homes funded under other HCA/GLA programmes were completed by the end of August
2015.
Market Sales Programme
2014-15
By Unit
Total
By £’000
Budget
Actual
Budget
Actual
126
131
24,000
27,050
In the first 5 months of this year we completed 52 sales bringing in
£10.5m. Our target is to exceed 200 sales this financial year.
Shared Ownership Sales
Programme 2014-15
By Unit
Total
By £’000
Budget
Actual
Budget
Actual
207
178
15,348
16,750
In the first 5 months of the year we completed 140 sales bringing in
£14.21m in first tranche receipts. Our targets is to sell 330 homes this
financial year.
Private Rent Schemes
PRS Director in post
On site with 143
apartments at St.
Anne’s Quarter,
Norwich
About to start 82
apartments in
Stratford upon Avon
town centre
First lets in early
2017
Our Pipeline
3,000 built and occupied
+ 4,977 on site, owned or
contracted
= 4,123 to go
Looking Forward
Complete Erith Park in 2018
Start of site at Stratford upon Avon former cattlemarket
site in 2016.
Expand our Extra Care offer in the South and East
Aim to be 3rd largest HA developer in 2016 (Inside
Housing Survey)