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Hanover releases annual report for 2014-2015

23 September 2015

Hanover Housing Association has today published its annual report which reviews achievements and performance in 2014-2015.

Within the last financial year the organisation has achieved some significant milestones. Following the appointment of Hanover’s new Chair Dr Stuart Burgess, Hanover has spent time developing its five-year strategic plan.

As a national provider of housing for older people, currently managing over 19,000 properties in approximately 600 locations, Hanover aims to develop over 1,000 homes during the next five years.

Among the achievements highlighted in the report is Hanover’s Extra Care development in Cinderford.  Work to expand the highly popular existing scheme has been completed, meaning we are now able to offer twice as many homes for older people in the local community.

We are also delighted that our new Extra Care development at Limetree Court Hackney is now complete providing much-needed high quality housing for residents. The estate is built to HAPPI (Housing Ageing Population: Panel for Innovation) principles and offers winter gardens and energy-efficient measures.

Dame Clare Tickell, Chief Executive at Hanover Housing Association, said: ‘We are living in fascinating times and while there are undoubtedly challenges, we are also seeing some real opportunities for Hanover and for the older people we serve.

‘People are living longer and we want them to continue to enjoy rich and fulfilled lives as independently as possible. Housing has a critical role to play within the wider policy framework of health and social care. Amongst their many benefits our neighbourhood-based estates can act as community hubs, facilitating access to support from external agencies for residents and the wider community.’

Notes to editors

At the AGM on Wednesday 22 September, Hanover reported an operating surplus for the year 2014/15 of £23.1 million (up by 25% over 2013/14), against a turnover of £101.6m. Total reserves for the organisation stand at £114.4m, up by 8.3% over 2013/14.

This year Hanover published its five-year strategic priorities:

•    To place value for money at the heart of what we do

•    To manage our assets proactively and effectively

•    To ensure our service models embrace the present and the future

•    To support positive health and wellbeing among residents

•    To grow the organisation (through development and acquisition) to meet more housing needs for older people (across England)

•    To be an exemplar national housing provider with transparent and excellent governance

•    To develop and implement a new office strategy to support local delivery of services

•    To review and invest in the use of new technologies in all aspects of our work to help us achieve our future ambitions

•    To be an employer of choice

•    To be a well-run and effectively performing organisation

Hanover Housing Association is a leading national provider of housing and services for older people wishing to live independent, active and fulfilling lives. We believe that a good home, choice, and a supportive community are key to a good later life.  We aim to provide a range of attractive affordable housing options that meet different individual needs and local demands – including, over the next five years, the development of Downsizer Homes to help meet the changing needs and aspirations of the new generation of ‘younger old’.

Ends