AIMS FOR THE YEAR AHEAD
Accord’s mission and values are entirely centred on meeting the needs of the most vulnerable members of society though
providing choice, support and opportunity for local people and communities. Going forward, Accord will continue to adapt to
meet the changing needs of its customers, stakeholders and the operating environment, demonstrating not only innovation but
improved VFM in the services it provides now and will develop in the future. To ensure VFM is at the core of strategic decision
making for the future, Accord aims to deliver the following targets which are aligned with the Business Plan objectives:
2017/18 VFM targets
1
Manage the on-going impact of the second year of the rent
reduction regime c£3.5m
2
3
Exceed Board approved budget surplus
Secure new financing with a lower cost of finance therefore
realising the benefits of the group simplification process,
achieving savings of over £100k
4
As part of an ongoing review of operations through Accord’s
Change Programme, a leaner, more efficient management
structure will be implemented without compromise to service
standards and achieving savings of over £300k
5
Fully in-sourced DLO repairs and maintenance service resulting
in annualised savings of up to £2m
6
Continue to achieve savings of a minimum of 10% against
externally validated budgets for construction services as part of
the delivery of the 2016-21 SOAHP
7
As a minimum, deliver against budget but with a stretch target to
exceed budget by 10% for the sale of new and existing homes
8
Achieve efficiencies against budget of 7.5% on treasury debt
servicing budgets
9
Year on year improved voids, lettings and arrears performance in
the Communities Directorate
10
11
12
36
Procurement savings of £500k
Identify efficiencies of a further £100k through rationalisation of
commercial building portfolio
Year on year improved performance in social housing cost per
unit metrics calculations
Accord Housing Association