We published our half-year trading statement today, Thursday 16 November 2023, setting out how we’ve performed financially in the first six months of 2023/24.
The results demonstrate a resilient performance in the first half of the 2023/24 financial year against an increasingly challenging economic backdrop. Our rental income base remained stable, but a combination of increased operating costs, higher spend on repairs and lower sales has resulted in a reduction in operating surplus.
We remain financially strong, which allows us to continue building new homes, as well as investing to improve our existing homes and estates. We are also on track to deliver our £46m planned investment programme for 2023/2024 creating better homes for our residents, a key goal of our Better Together strategy.
We are acutely aware of the impact that the external environment is having on our residents and the pressures they face this winter. As an organisation we are focused on providing support through the continuation of our community investment programmes.