THRIVE WITH US CONTENTS Thrive’s arrived 4 The drive to achieve 6 Striving for success 8 Alive to challenges 10 Reviving neighbourhoods 12 A hive of industry 14 Living the vision 16 Thrive with us! 18 THRIVE HOMES IS A HOUSING ASSOCIATION WHICH OWNS AND MANAGES MORE THAN 4,000 RENTED AND LEASEHOLD PROPERTIES IN HERTFORDSHIRE AND BUCKINGHAMSHIRE. Mission To provide high quality homes and excellent services to enable the development of communities where people will enjoy living. Vision To create a thriving community where there are life choices and opportunities. Values • • • • OPEN RESPECTFUL EXCELLENT RELIABLE. ARRIVE THRIVE’S ARRIVED Thrive Homes has achieved an enormous amount since its formation in 2008: improving homes, providing quality services, supporting tenants and enhancing local communities. From the outset, we determined to be much more than ‘just another stock transfer’. Our ambitious, business-like approach and drive to succeed has delivered impressive levels of performance, customer satisfaction and development of services. Our considerable achievements have put us in a strong position as we move forward with renewed passion and energy in an increasingly competitive climate. At Thrive, we recognise that having a decent home and employment promotes a sense of self-worth and are the foundations for a successful and fulfilling life. We are committed to enabling thriving communities and providing good quality homes and services to help customers achieve their aspirations. Coupled with this social purpose we are also dynamic, forward-thinking, innovative and alive to the need to evolve and adapt in a fast-changing environment. As we take stock of our successes to date, we are proud to have grown into much more than just a housing provider – we are a thriving business with a social heart, looking towards an exciting future. We don’t just promise – we deliver. 4 Ambition leads to success Thrive set itself big ambitions from the very beginning, embracing a great deal more than the initial focus on delivering over 40 transfer promises made to customers. So far we have: • INVESTED OVER £55 MILLION IN IMPROVING HOMES AND THE AREAS AROUND THEM • IMPROVED PROPERTIES BEYOND THE NATIONAL DECENT HOMES STANDARD WITHIN BUDGET WAY AHEAD OF SCHEDULE, IN TWO-AND-A-HALF YEARS • DELIVERED CONSISTENTLY HIGH LEVELS OF SERVICE TO CUSTOMERS, MAINTAINING HIGH SATISFACTION LEVELS • INCREASED OUR HOUSING STOCK BY 129 HOMES, BY ACQUISITION FROM OTHER LANDLORDS IN THE REGION • BUILT STRONG FINANCIAL FOUNDATIONS TO ENABLE US TO DELIVER OUR AMBITIONS FOR THE FUTURE • SECURED BACKING TO SUPPORT OUR DEVELOPMENT PLANS TO PROVIDE MORE AFFORDABLE HOMES FOR LOCAL PEOPLE. “Thrive residents can be confident that the promises have been more than delivered and that the association continues to respond well to the challenges and hurdles that it encounters.” Debby Ounsted 5 DRIVE THE DRIVE TO ACHIEVE Having achieved so much and created a solid base on which to build, we look ahead to developing our role and expanding our services in the future. We have spearheaded numerous pioneering and innovative initiatives in our short history and will continue to develop this role as a leader in our field into the future. Thrive takes a proactive, flexible approach to meeting the changing challenges our sector faces, but also recognises the great opportunities such an environment presents. We have already worked with a multitude of partners to make a real difference to our customers and communities. As we look to the future, we are keen to continue to work with existing and new partners to achieve our aims. Central to all this is our five year strategic plan, which details our aspirations for us as an organisation. These are that Thrive should be: • RESILIENT WITH A STRONG FINANCIAL BASE • RESPONSIVE TO CUSTOMER NEEDS • A PROVIDER OF GOOD QUALITY HOMES • A GOOD PLACE TO WORK. 6 “Our success has been, and will continue to be, built upon forming effective partnerships and working in collaboration with those best placed to help us achieve our mission.” Richard Laval, Chair of the Board “This is an exciting time for Thrive, its customers and stakeholders because there are many opportunities to be explored. We hope that, through effective collaboration, we can really make a difference, providing high quality homes and excellent services to enable the development of communities where people enjoy living.” Elspeth Mackenzie, Chief Executive 7 STRIVE STRIVING FOR SUCCESS In our first six years, we have established ourselves as an organisation with a solid financial base and strong governance. Thrive has achieved consistently strong surpluses each year and delivered the bulk of our promised stock improvement works ahead of schedule. It is important that we maintain the principles which have helped us reach this position – a focus on financial performance and effective use of assets. In 2012 a new Board was recruited which has the skills, experience, expertise and ambition to guide our future direction and ensure we achieve our goals. With such effective leadership, we are confident that we will maintain our resilience to the vagaries of the external environment and take full advantage of the opportunities that present themselves. 8 Strong foundations Thrive was awarded the top G1/V1 rating for governance and financial viability by the Homes and Communities Agency in 2013. Building for the future The future We raised £70 million through a listed sterling bond issue, with the scope to raise an additional £55 million. This will support our plans for growth, including the development and acquisition of more affordable homes. Over the next five years, we will: • HAVE STRONG GOVERNANCE STRUCTURES WHICH ARE REGULARLY EVALUATED “Thrive has a very strong enterprise profile and a strong financial profile.” S&P credit rating report Steering us forward Thrive has pioneered a unique Board mentoring programme, in partnership with Vale of Aylesbury Housing Trust and Housing Diversity Network, to ensure members are equipped with the skills to safeguard our future stability and help us rise to the challenges ahead. • BUILD ON OUR SOLID FINANCIAL PLATFORM • DELIVER OUR OBJECTIVES USING ASSETS IN THE MOST EFFICIENT AND COST-EFFECTIVE WAY • EXPLORE POTENTIAL TO DIVERSIFY INCOME STREAMS THROUGH SALE OF MANAGEMENT AND MAINTENANCE SERVICES • DEVELOP STRONG BUSINESS AND MARKET INTELLIGENCE TO INFORM OUR DECISION MAKING. Business assurance Our Quality Assurance Reviews – conducted in partnership with Campbell Tickell and involving our resident Scrutiny Panel – provide regular, independent, evidence-based evaluation of Thrive’s processes. Our approach has been praised and rolled out to many other organisations. 9 ALIVE ALIVE TO CHALLENGES Thrive has developed into a professional social business which is well-equipped to adapt to the changing needs, challenges and pressures of the housing sector. But we never lose sight of our central purpose – providing top quality homes and services, supporting the creation of thriving communities and ensuring customers have choices and opportunities to fulfil their potential. As well as recognising the need to adapt to the external environment we operate within, we are similarly committed to responding to our customers’ changing needs. We actively seek regular feedback from customers in a variety of ways, enabling us to gain valuable insights into our performance and how well our services meet their requirements. Over the next few years we will gain a much better and fuller understanding of the people who live in our homes, establishing how we can deliver relevant services and how they would like to engage with Thrive Homes now and in the future. 10 Boosting job prospects Working in partnership We spearheaded Jobs at Home – the first of a national network of community enterprises aimed at helping social housing tenants back into work – with partners Watford Community Housing Trust and the Housing Leadership Foundation. Thrive has established itself as an important community partner to make a lasting impact on neighbourhoods and individuals. “I have a routine, job security, I’m working towards qualifications and I couldn’t be happier or feel luckier.” Jamie Bowen, painter and decorator with Jobs at Home Investing in communities Our community grants scheme has awarded around £200,000 since 2010. We support projects that improve people’s lives and their communities, from funding a domestic violence case worker and debt advisors to school playground improvements and support for young families. “Without this grant we wouldn’t be able to open the allotment to the community it is a lifeline.” Christine Wyard, Project Director of ASCEND’s Dig Deep Allotment Project Realising dreams Our Year of Ambition, celebrating our fifth anniversary, inspired customers and staff to think bigger and better to fulfil their aspirations. This included our Go For It Awards, one-off grants to help residents achieve their goals. Funding was given towards a theatre school course, HGV driver training, a mental health qualification and setting up a beauty business. “It’s a dream come true to be awarded the money from Thrive Homes, it will go towards the essential training I need.” Gemma Brown, Go For It Award winner Involving residents We worked with Youth Connexions, Hertfordshire Constabulary, Herts Young Homeless, Youth Parliament, West Herts College and Watford & Three Rivers Trust to deliver an action-packed Enterprise Week at local secondary school Francis Combe Academy. This innovative project involved workshops to equip over 200 year 10 students with vital skills which would help them in their future lives and careers. It culminated in an X-Factor style contest where eight students got the opportunity of a week’s work experience, including a placement at Thrive. “It is a unique opportunity for our learners to focus on developing the transferable skills needed to be successful in the workplace or at college or university.” Jacqui Hurst, Assistant Principal, Academy Resources at Francis Combe Academy The future Over the next five years, we will: • USE CUSTOMER FEEDBACK TO IMPROVE DELIVERY OF SERVICES AND DEVELOP NEW ONES • CONTINUE TO DEVELOP WAYS FOR CUSTOMERS TO ENGAGE WITH THRIVE SO WE CAN MEET THEIR NEEDS • PROVIDE A RANGE OF ALTERNATIVE TENURE OPTIONS • SUPPORT SOCIAL ENTERPRISE AND LOCAL EMPLOYMENT • INVEST IN COMMUNITY ACTIVITIES TO SUPPORT ENHANCED MOBILITY AND EMPLOYMENT. Our partnership with residents is critical to Thrive’s success and our involvement activities range from attending focus groups to joining recruitment interview panels. Our flexible approach ensures we respond to changing demand so our services are right for residents now and in the future. 11 REVIVE REVIVING NEIGHBOURHOODS We pride ourselves on being a provider of top quality homes, committed to further improving our existing housing stock and exceeding national standards. But we are also keen to play a part in developing more affordable homes in the region, as pressure for housing continues to grow. Predictions are that there will be 92,000 more people living in Hertfordshire alone by 2020. With house prices and market rents also on the rise, the need for affordable housing will become acute. Thrive has honed its expertise in this area over the last two years, embarking on its first development schemes as part of the 2011-15 Affordable Homes Programme. Our work over the last few years has put us in a strong position, equipping us with the resources necessary to expand our housing stock and provide further much-needed affordable homes for rent in the coming years. 12 Delighting families Looking ahead Thrilled families have recently moved into four new affordable homes which Thrive has built in the Watford area. We have recently secured funding to support our ambitious development plans for the future. We worked with GD Construction and Circle Housing to develop the two-bedroomed houses on two sites in South Oxhey and Mill End. Our aim is to increase our housing stock by at least 150 homes over the next five years and expand into other local authority areas. The properties were built to a high standard, wirh eco features such as solar panels and water butts to help residents save energy and reduce their bills. “Moving here is wonderful for my children and me. It’s a lovely neighbourhood and a beautiful new home.” Tracey, Tenant, Mill End New horizons This will be achieved by building more than 75 new properties and acquiring the rest from other housing providers. “The need for affordable housing in this region grows ever more pressing, particularly in the current tough economic climate. Thrive Homes is admirably placed to use its knowledge, expertise and financial strength to help meet that need by developing new homes.” Andrew Hull, Head of Development, Thrive Homes Thrive extended its area of operation into Buckinghamshire, as well as Hertfordshire, by acquiring 119 properties from the A2Dominion Group in 2013. These are our key aims over the next five years: We have since been working with residents to draw up a programme of improvement work to upgrade their homes. • MAINTAIN DECENT HOMES STANDARD COMPLIANCE ACROSS ALL OUR STOCK “Being close to the communities we work in is greatly valued by our tenants. A newly transferring resident has told us that they have already seen and heard more from Thrive in three months than they ever did of their previous, more remotely-based landlord.” Jo Barrett, Operations Director at Thrive Homes • IMPROVE THE ENERGY SUSTAINABILITY AND REDUCE THE CARBON FOOTPRINT ACROSS OUR PROPERTIES The future • DELIVER GOOD QUALITY, NEW HOUSING WITHIN OUR AREA OF OPERATION • EXTEND THE GEOGRAPHICAL SPREAD OF OUR PROPERTIES WITHIN AN AREA WHERE HOMES CAN STILL BE EFFECTIVELY MANAGED AND MAINTAINED. 13 HIVE A HIVE OF INDUSTRY At Thrive, we appreciate that our past and future achievements are only made possible by ensuring we have a team of motivated, dedicated staff who appreciate the vital role they play in our success. We have recently developed new reward and recognition frameworks and a more flexible working environment which are valued by current colleagues and potential new recruits. As we move forward, we recognise the importance of providing opportunities for individuals to develop their range of skills and continually improve mechanisms for them to give feedback to us as their employer. New technology offers greater opportunities for us to review and improve our ways of working, including direct service delivery to customers and the delivery of back office services. We recently launched Thrive Works, a business transformation programme, to enable our people to use their skills to best effect in helping us achieve our strategic goals. 14 Nurturing talent Investing in people Thrive runs apprenticeship and work experience placement schemes to nurture home-grown talent while offering training and employment to local people. Thrive recently achieved the Investors in People Bronze Award in recognition of our commitment to the development of, and engagement with, our employees. One of our tenants started out in our Customer Service Centre and has worked her way up to become team leader. The accreditation recognises the fact that we go ‘above and beyond’ in striving for excellence in the way we manage our people. We recently took on two apprentices to work in our repairs and maintenance team while studying for a nationally recognised qualification. Our future plans include taking on more apprentices in different sections of the business. “In its short history, Thrive has gained the reputation of being a good place to work…. I am particularly impressed with Thrive Homes’ approach to corporate social responsibilities. Activities are numerous and there appears to be a total commitment from staff in ensuring that these are not just about paying lip service to the community. Others could learn a lot from Thrive in this area.” IIP Report, 2014. “I never thought that, when I started out working at Thrive, I would be here a few years later managing the team. Thrive offered me that vital first step onto the employment ladder and has since encouraged me to develop my skills.” Donna, CSC Supervisor Benefiting communities Our staff volunteering programme encourages colleagues to work together on projects which benefit our local communities while boosting morale and motivation among our teams. In 2013 colleagues clocked up 880 hours of voluntary work, equating to more than £17,000 investment in local neighbourhoods. This included working with local charities and projects which have benefited from our community grants, such as Watford Mencap, the 9 Lives furniture recycling charity and the Dig Deep Allotment Project. Through this work, we have built stronger relationships with our community partners. “For me, things like this bring housing ‘alive’. It also shows that as an organisation Thrive can achieve so much in ways of creating a better living environment for tenants and that even office-based people, like finance, can take part in that. I would certainly encourage everyone to take part in a volunteer day. I went home tired, aching and covered in mud, caught the sun on my face but I slept like a log and would definitely do it all again!” Shirley Chin, Accounts The future These are our key aims over the next five years: • CLEAR REWARD AND ENGAGEMENT STRUCTURE IN PLACE THAT IS REGULARLY REVIEWED AND EVALUATED WITH COLLEAGUES • WORK TO ENGAGE AND ATTRACT HIGHLY PERFORMING AND MOTIVATED EMPLOYEES • A RANGE OF LEARNING AND DEVELOPMENT OPPORTUNITIES TO ENHANCE COLLEAGUES’ EFFECTIVENESS AND SUPPORT THEIR ASPIRATIONS • ESTABLISH A HIGH QUALITY, FLEXIBLE WORKING ENVIRONMENT WHERE TECHNOLOGY IS USED TO ENHANCE WORKING PRACTICES AND SUPPORT CUSTOMER ENGAGEMENT. 15 LIVE LIVING THE VISION Our pioneering spirit and our innovative, creative and professional approach to challenges have been recognised with awards and accreditations. Thrive was held up as a ‘leading light’ within the housing sector by judges of the prestigious national Housing Innovation Awards 2014. We were named Most Innovative Housing Provider (Small) and also won the award for Most Innovative Use of Community Engagement. “Thrive’s award entry really stood out for the range of activities they do and the inclusive way they work with residents and communities.” Housing Innovation Award judge We use such external recognition and accreditation to learn more about how we can improve and to provide assurance to customers about the quality of our services. Our Customer Service Centre recently achieved Contact Centre Accreditation from Mypathy Plus and HomeSwapper rated our customer service “excellent”. We were also awarded the Customer Service Excellence government standard for the second year running. Our other accreditations include: • SHIFT PUBLIC SUSTAINABILITY ASSESSMENT • JOBCENTRE PLUS – POSITIVE ABOUT DISABLED PEOPLE • CIH CHARTER – REPAIRS • CIH CHARTER – ANTI-SOCIAL BEHAVIOUR. 16 17 THRIVE THRIVE WITH US! Thrive has come a long way in its short but successful history, exceeding expectation and making a real difference to local communities. We are proud of our achievements and our ideas have gained us a great deal of respect among our fellow housing professionals, stakeholders and partners. In the sector, Thrive is hailed as a pace-setter and our work is held up as a model of good practice. We are now looking forward to building on our strong foundations and continuing the work we have begun, confident that we have the expertise to succeed in achieving our goals. These are exciting times at Thrive and we are keen to team up with partners – businesses, developers, contractors, local authorities and community organisations – to share in our success and thrive with us. 18 Join us on our journey We would welcome the chance to discuss ideas and opportunities with existing and potential partners and stakeholders. So, to find out more about our plans for the future and how you can be part of this exciting journey, please contact us. We would be delighted to hear from you. 0800 917 6077 [email protected] www.thrivehomes.org.uk Thrive Homes Building 3 Hatters Lane Watford Hertfordshire WD18 8YG “I think Thrive Homes is succeeding; the project we have just finished for them underlines that Thrive is thinking outside the box to benefit its community.” Respondent in Thrive Homes’ recent stakeholders’ survey “I used to think I lived in one of the worst looking areas, now I think I live in the best.” Michael, Tenant, Otley Way, South Oxhey “The partnership with Thrive Homes developed very well. It started as a traditional contractual relationship, a framework approach, but very soon it became evident that the way we would work with Thrive would be a very collaborative approach with the residents at the heart of everything that we did. It was clear that was the approach Thrive wanted and one which we were happy to embrace.” Simon Barker, Commercial Manager, United House 19 2014
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