Housing and Regeneration Finance Summit
Housing & Regeneration Finance Summit
Housing, or the lack of housing, is an urgent problem requiring innovative financial solutions from a wide range of stakeholders.
Finance professionals from local authorities, housing associations, institutional investors and developers all have a unique contribution to make to what is regularly described as a national crisis.
Our new summit is a joint venture between Social Housing, Room 151 and Inside Housing publications which provides a platform for these different players to develop their networks and better understand one another’s approaches to financing housing and regeneration.
We will be bringing together over 200 of the most senior finance and treasury professionals from across housing, local government and the investment community to explore, at a strategic and technical level, how they can work together to secure inward investment and deliver the socio-economic benefits their communities need.
How are strategic finance and treasury professionals addressing the crisis? Is there more scope for joint working? And what do the emerging finance and investment models in housing and regeneration look like across the UK and across the different sectors involved?
Who will be there?
- Local authority CFOs, Section 151 officers, treasurers and heads of housing/regeneration/place
- Housing association CFOs and treasury directors
- Heads of private markets, infrastructure, real estate from global institutional investors
- Heads of strategic partnerships and investment at UK developers
What will be covered:
- Crisis and collaboration: how to finance more house building?
- Housing & regeneration for pension fund investors
- Negotiating finance: what are the key issues holding up investment, funding or development?
- Housing companies: key drivers and business models
- Grenfell: what now for tower blocks?
- Case studies on funding and financial management
- Waqar Ahmed, group finance director, L&Q
- Ruth Cooke, chief executive, Clarion
- Peter Denton, chief financial officer, Hyde Housing
- Paddy Dowdall, assistant executive director, Greater Manchester Pension Fund
- Mathieu Elshout, senior director, Private Real Estate Europe, PGGM
- Alison Griffin, chief executive, Southend-on-Sea Borough Council
- Clive Heaphy, corporate director, finance & governance, Birmingham City Council
- Bruce Moore, chief executive, Housing & Care 21
- Chris Naylor, chief executive, London Borough of Barking & Dagenham
- Sean Pearce, finance director, West Midlands Combined Authority
For sponsorship opportunities contact Catherine Tomlinson on 020 7772 8448 or email email@example.com
Housing and Regeneration Finance Summit programme
09:00 Chair’s opening remarks
09:10 Opening keynote address: The future economic and political climate
09:25 Crisis and collaboration: how to finance more house building?
Speakers will be asked to support or contest one or two of the following themes in ten minute speeches before a Q&A.
- The housing crisis is solvable and finance directors will play a pivotal role
- Financial/investment negotiations are unavoidably lengthy and so current housing targets are unrealistic
- ‘Right to buy’ and the HRA cap guarantee under-development
- Investors like affordable housing but not social housing; the social end of the market will suffer
- Council, housing association and institutional investor interests are aligned
10:20 Case studies: funding and financial management
Speakers will present seven minute case studies detailing the key lessons learnt in respect of large financial developments before responding in a Q&A to the previous sessions.
- Explore Birmingham City Council’s blueprint for housing and regeneration
- Hear how Hyde are working with local authorities to deliver new homes
- Gain an overview of how Barking and Dagenham are delivering 2,200 new homes with commercial and social infrastructure
-Southend and South Essex: exploring funding models for infrastructure-led growth
Alison Griffin, chief executive, Southend-on-Sea Borough Council
Clive Heaphy, corporate director, finance & governance, Birmingham City Council
Peter Denton, chief financial officer, Hyde
Chris Naylor, chief executive, LB Barking and Dagenham
11:45 Case studies: strategic finance and partnerships
Our panel will showcase, for seven minutes, how they are working with partners to secure and deploy finance to deliver the supply of homes across all tenures before responding in a Q&A.
- Managing the complexities of multi-partner schemes
- Ensuring viability for all partners
- Attracting and deploying strategic finance
- Who contributes what to the partnership: land, finance and expertise
Paddy Dowdall, assistant executive director, Manchester Pension Fund
12:00 What does success look like and how do we get there?
Long term investment in housing and regeneration projects is underpinned by a comprehensive plan for delivery. The session will be a chair-led discussion where the following points will be explored.
- Creating new business models to deliver projects
- Building in risk management and mitigation strategies
- Delivering a mix of tenures, which are truly affordable
- Creating sustainable places that are socio-economically prosperous
- Gaining community buy-in
Ruth Cooke, chief executive, Clarion
Bruce Moore, chief executive, Housing and Care 21
Sean Pearce, director of finance, West Midlands Combined Authority
13:40 Housing & regeneration for pension fund investors
Pension funds with long term liabilities and cash flow challenges are increasingly seeking income-generating assets to buy and hold. Investors will present for seven minutes on their experiences of investing in housing and regeneration and what challenges they see to investing further still.
Mathieu Elshout, senior director, Private Real Estate Europe, PGGM
Chris Rule, chief investment officer, Local Pensions Partnership
14:20 Negotiating finance: what are the key issues holding up investment, funding or development?
The government wants the sector to get development to around 300,000 homes per annum by the mid-2020s, but for this to happen we need to accelerate build out rates. This session will examine the barriers and showcase solutions to the fundamental challenges that are limiting the supply of new homes. Our panel of experts from across housing will explore the following themes:
- What is limiting the utilisation of funding in development?
- How can the sector quicken the flow of investment into projects?
- Will Brexit stymie the access to funding or increase the cost?
- Do we need to have better and more meaningful relationships with funders and investors?
- Accessing land which is viable from a cost and build ready perspective
Waqar Ahmed, group finance director, L&Q
15:30 Housing companies: key drivers and business models
The number of Local Housing Companies has grown exponentially over the last 2 years, with almost half of councils predicted to have set one up by 2020. Bringing together a range of players in this space, this session will delve into the structure, rationale and funding mechanisms of these new entities and will explore the following themes:
- What are the financial models which are being adopted?
- How are you funded currently and what funding options would you explore in the future?
- What is the rationale for your function?
- How are you working with housing associations and other partners?
- Overcoming local politics to get homes built – lessons learned
16:00 Grenfell: what now for tower blocks?
The Hackitt Review will have far reaching consequences for the sector. Our panellist will discuss how they are overcoming some of the challenges and will provide welcome debate around the future of tower blocks. Themes to be discussed include:
- Impact on the value of your stock
- Cost of investment in stock and impact on new development
- Viability of demolishing tower blocks and replacing with low/mid-rise stock
16:40 Closing special guest speaker
17:00 Close and drinks reception
A further stream dedicated to the specific needs and workplace challenges of local authority and housing association treasury teams will also run concurrently with the Housing Regeneration & Finance Summit.
Finance professionals working in these teams will be able to learn from practical sessions dedicated to showcasing the latest innovation and best practice in treasury management and alternative funding and finance structures, to ensure their organisations are agile and can take advantage of opportunities to deliver large scale regeneration projects across the country.
Treasury Stream Programme
11.00 The economy and housing: Are government targets achievable?
While the government’s ambition for dramatically increasing the number of homes built each year is broadly shared across the housing sector, are the underlying economic conditions conducive to them being reached in the coming years?
James Bevan chief investment officer, CCLA
Paul Johnson, director, Institute for Fiscal Studies
Christine Whitehead, emeritus professor of housing economics,
London School of Economics
12.00 Brexit and the capital markets: Impact on housing
13.30 The new challenge to Treasury of commercial ventures and new sources of revenue
Both registered providers and councils are seeing huge shifts in the way their organisations are funded and there are major implications for their treasury functions. In this session we explore the changing face of treasury across the housebuilding sector as different stakeholders all face greater scrutiny in an increasingly commercial environment.
Tom Paul, director of treasury and commercial, Optivo
14.20 Financial collaboration between local government and housing associations
Demand in local government for high quality credit counterparties with asset-backed investment opportunities is arguably well matched by demand among housing associations for flexible funding. Is there then, greater scope for collaboration in the housebuilding sector between treasury departments?
Danny Mather, head of corporate finance, Warrington Borough Council
Stephen Kitching, client director, Arlingclose
15.30 Sweating your assets and segmenting your cash
Sponsored session exploring opportunities for generating yields from short to core cash. Are you making the best use of your treasury assets or could you be yielding more, within your risk parameters?
16.10 Inflation and interest rate risk
How is you treasury investment and borrowing strategy adapting to the new post-QE environment?
Jonathon Clarke, managing director, Centrus