February 2018 Special Report Preview: Spending plans up 25% as housing association capital commitments increase across the board
Future commitments to capital works are up for almost all UK housing associations
UK housing associations plan to increase their spending on development, repairs and maintenance once again, according to the 2016/17 accounts of the largest organisations.
Their total capital commitments – that is, future spending on capital works that has either been awarded to a contractor or authorised by the board but not yet contracted – rose by a quarter in 2016/17 on the previous year, to reach more than £24bn...
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UK housing associations’ capital commitments 2016/17
| Authorised by board (not contracted) | Contracted | Total commitments | Authorised as a share of total commitments | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Number of housing associations | Type of housing association | Number of units, ’000s | Total, £m | Change on year | Total, £m | Change on year | Total, £m | Change on year | 2016/17 | 2015/16 |
| England | ||||||||||
| 61 | LSVT | 783 | 1,434 | -6% | 2,306 | +17% | 3,740 | +7% | 38% | 44% |
| 48 | Mixed | 1,587 | 6,998 | +41% | 7,776 | +32% | 14,774 | +36% | 47% | 46% |
| 58 | Traditional | 465 | 2,252 | +36% | 1,338 | -22% | 3,585 | +7% | 63% | 49% |
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