HCA SW Partnership Event - Paul Crawford - What's the Deal? Housing Association Mergers - Workshop...
-
Upload
homes-and-communities-agency-hca -
Category
Presentations & Public Speaking
-
view
51 -
download
0
Transcript of HCA SW Partnership Event - Paul Crawford - What's the Deal? Housing Association Mergers - Workshop...
Paul Crawford
HCA Partnership Event
Group Chief Executive, DCH
3
5
DCH and KHA merger strategies
merger strategies developed during 2016
enhancing our strategic vision and purpose
increase growth and service quality
seeking opportunities with south west organisations
clarity of where financial capacity would be invested
mindful of sector retrenchment given rent uncertainty
Why DCH and Knightstone?
A great opportunity:
timing was right for both
good geographical fit
cultural similarities
shared heritage
compatible growth ambitions
opportunities for efficiencies
untapped potential
7
8
Progress leading to heads of terms
discussions with Chairs and CEOs from autumn 2016
outline business case agreed by boards Dec – Feb 2017
early agreement on leadership roles
creation of Joint Board Working Group
heads of terms agreed June 2017
aim of completing merger by summer 2018
Agreed heads of terms
We will:
substantially increase the number of new affordable homes
create capacity to deliver 15,000 new homes over the next 10 years
transform services – meeting customer needs and aspirations
drive value for money, creating beneficial savings
create a strong, resilient organisation in our changing sector
Transforming services
Milestones
CollaborationThings considered at an early stage
Governance
Transformation
Staff recruitment
Identifying talent
Risk appetite and ambition
Growth ambition for 10 years and beyond
Some issues to consider
Rationale for merger
Avoiding self interest
Cultural differences
Clarity on vision and ambition
Consider standalone options
HCA
17
18
Any questions?