How we are funded

Our operating activities

• Social housing rents
• The sale of new homes we have developed (a mixture of shared ownership homes and outright sale)
• Funding for care and support services. This comes from local authorities, health trusts, clinical commissioning groups.
• The sale of our existing properties including through buying schemes. These include Right to Buy and staircasing. Staircasing happens in shared ownership properties, where customers buy more shares of their home.

Government grant funding

We receive government grant money to build new affordable housing. This is through Homes England, the Greater London Authority and the Scottish Government. This funding contributes to the development of new homes. Home Group meets the remaining costs from operating cashflows or borrowings. We also receive some grant funding to contribute towards the cost of improving the energy efficiency of our existing properties.

Loan finance

Our external loan finance comes from a number of sources. These include banks, building societies, sector-specific funders and the capital markets. They provide both long-term loans and short-term revolving facilities.