The Regulator of Social Housing has today (6 September) published the latest quarterly survey of registered providers’ financial health.
The report covers the period 1 April to 30 June 2022 and was completed before the launch of the Government’s consultation on rents for 2023/24. It shows that the sector remains financially robust with strong liquidity. Historically high levels of investment in existing stock continued, but the effects of wider economic pressures are becoming apparent.
The sector continues to raise new debt. Total agreed borrowing facilities increased by £0.5 billion in the quarter, reaching £119.3 billion by the end of June. New finance of £1.9 billion was agreed in the quarter, with 70% from capital markets. The sector has liquidity to cover forecast expenditure on interest costs, loan repayments and investment in new homes over the year.
Investment in major capitalised repairs stood at £503 million between April and June, the highest total ever recorded in a first quarter, but 33% below forecast. Labour and material shortages continue to impact on…
