Flagship Group and Victory Housing Trust have announced that they are in talks to consider working in partnership. If the discussions result in a partnership, the combined organisation would become the largest East Anglian-based housing group.
Talks are at an early stage, but the boards of both organisations have agreed that working together could generate more opportunities to invest in local communities. The proposed partnership would create a 28,000 home landlord which would be able to deliver 10,000 new homes of which 7,000 will be affordable over the next ten years, as well as enhancing services to residents and investing £500 million in maintaining and improving existing homes.
The structure of any new partnership is still being discussed, but it is envisaged that Victory would join the Flagship Group, retaining its identity and ensuring continuity of tenancy for residents and of employment for staff.
Philip Burton, Chair of Victory Housing Trust, said: “We are exploring whether through working together we can deliver more new affordable homes and better quality services to our residents and our communities. An important part of this will be retaining and developing our people, as well as being able to invest more to meet housing need in our region.”
Peter Hawes, Chair of Flagship Group, added: “Our organisations share similar visions and values, and through working with our staff and customers we will explore how best to jointly manage our homes in Norfolk – bringing the best of both organisations together.”