The Scottish Housing Regulator's new report on the finances of Scottish RSLs (https://lnkd.in/eZrq9AyN) makes for sobering reading - the "perfect storm" is a bit of cliche, but it's difficult to think of a previous point in time when the pressures, demands and expectations on RSLs were so many and so great. So it's no surprise to see an overall weakening in the sector's financial position, and reduced reserves. And as for the retrofit journey to net-zero, here's what the SHR is saying - "estimated decarbonisation costs in the period to 2030 could range from £4.8 billion to £9.6 billion, while RSLs' projections include just £154.6 million". The sector won't find that money down the back of the sofa.....
Nick Pollard
2w
Spot on Derek
Positive Psychology Coach at Character Matters
2wThe regulated housing sector is not for profit as a primary goal. It can & does make a surplus that is then selectively reinvested into continuously growing social imperative goals of the organisation. Because of this social imperative the government has a clear responsibility to create strong investment driven partnerships backed first & foremost by radically improved government capitol being found by them either via increased borrowing from the market by them or in partnership with RP’s. Otherwise the well intentioned ideologically driven talk by current Scottish & UK politicians will remain just that. Talk talk. More investment driven real partnership interventions are a necessary part of seriously attempting to meet the challenges of our systemic housing crisis.