accordgroup.org.uk /value-for-money
The Board pro-actively challenges
its Officers on operational and
financial performance
A successfully embedded
Value for Money culture
The Accord Group’s Board sets the requirement for effective
Value for Money (VFM) throughout the organisation and requires
assurances on the effective implementation of the VFM strategy.
The Board maintains accountability for ensuring that the Group
remains compliant with the VFM Regulatory Standard and is
provided with assurance through performance and financial
reporting and the work to implement the VFM strategy. The
Board understands the importance of VFM in the context
of constraints on public funding and also in supporting the
government’s appetite to increase housing supply. With these
factors in mind the Board presents its 2016 Value for Money
Self-Assessment Statement.
The Board pro-actively challenges its Officers on operational
and financial performance and uses information on stock
condition and asset performance to inform business decisions
on existing housing assets and on future development options.
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Accord Group