Bromford

Today’s the day 🎉 Bromford and Flagship have joined to become Bromford Flagship. A simple name, but one set to break the mould of what housing associations do and unlock more capacity for affordable homes.

Bromford Flagship has secured £22 million from the government’s Social Housing Fund to make homes warmer, greener, and more affordable to run. The funding will be used to install energy-saving upgrades, including air source heat pumps, solar panels, insulation, and double glazing - helping our customers cut energy bills and live more comfortably. David Armstrong, Chief Operating Officer, said:  “This funding will help us future-proof thousands of homes. Investing in energy efficiency not only lowers bills but also reduces our carbon footprint. This is a major milestone in our journey towards net zero and a huge win for our customers.” Previous phases of the scheme, which Bromford and Flagship have been part of since 2022, have already helped hundreds of households. Homes have received upgrades including air source heat pumps and external wall insulation, reducing energy consumption. More - https://lnkd.in/ee7tm--8 #UKHousing #SocialHousing #WarmHomesPlan

This could help housing providers target their retrofits - Tomorrow (Thursday) Bromford Lab have a session with Doug Jones from Eliq to discuss how smart energy data can provide real-time visibility into home performance.

S&P has reaffirmed Bromford Flagship’s A+ rating, while Moody’s has assigned an A2 rating with a stable outlook—both maintaining the strong credit positions previously held by Bromford and Flagship. S&P highlighted resilient credit metrics, controlled costs, and potential synergies, recognising the financial strength created through the merger. Moody’s also noted Bromford Flagship’s scale, market position, and ability to absorb shocks, reinforcing the long-term benefits of the combined organisation. Matthew Rose, Director of Treasury, said: “The ratings will give us the confidence to return to the markets later in the year to seek additional funding from investors who are interested in supporting our journey to build 2,000 homes every year for the next 30 years and enabling even more customers to thrive in a Bromford Flagship home.” This follows the recent milestone of securing a £100m Revolving Credit Facility with Royal Bank of Canada—the first funding since the merger. More - https://lnkd.in/ej4ADaCN #UKHousing #SocialHousing Matthew Rose FCA FCT Rachel Hurst Bromford Flagship S&P Global Moody's Ratings

Bromford Flagship has finalised a new £100 million Revolving Credit Facility (RCF) with Royal Bank of Canada (RBC). The facility expands the liquidity position of our 80,000-home housing association, giving a total RCF portfolio of £850 million, the majority of which is undrawn. This funding will help finance our ambitions to increase the development of new homes in the future, including a significant proportion for social rent, building upon our combined legacy in 2023-2034 as one the country’s largest builders of social rent homes. More - https://lnkd.in/efN9DU6J #UKHousing #SocialHousing RBC Capital Markets

Bromford has been shortlisted for the Travis Perkins Managed Services Better Together Awards.  Our application, supporting the charity House of Bread in Stafford, has been recognised for its vital community impact. House of Bread provides hot meals, essential support, and a lifeline to those in need. Huge thanks to Travis Perkins for valuing social impact and to our Grants and Social Value Officer Janette Vizard for highlighting the importance of this project. Fingers crossed for everyone at the awards tomorrow at Silverstone, good luck. #UKHousing #CommunityImpact

As Bromford continues its journey to becoming a place-based organisation, our next place webinar is taking place this Friday 14 March, from 12:00 to 12:45. This session will explore the outside perspective on place-based working and how organisations and local services can collaborate to build thriving, community-driven ecosystems. Join the webinar to gain: • insights into how place is unlocking new opportunities for collaboration and relationships • perspectives from both private and public sectors on the impact of place-based working • first-hand experiences from stakeholders on the unique strengths and challenges of the communities they serve More info - https://lnkd.in/eVprix8i #UKHousing #PlaceBasedWorking Paul Taylor John Wade Jon Dickin Geoff Smith Mark Willis Michael Craggs Leo Awadzi Lauren Pearse

This International Women's Day 2025 (Saturday 8 March), we celebrate the incredible achievements of women everywhere. We're especially proud to highlight the inspiring journey of Policy and Efficiency Analyst, Kerry Castello. Kerry has embraced leadership through our Female Career Accelerator Programme. From overcoming self-doubt to achieving her leadership aspirations, Kerry exemplifies the programme's success.   With 74% of our colleagues saying this is a great place to work, we’re committed to creating an environment where everyone can thrive. Are you looking for a change? - https://lnkd.in/e7wMtjKV #UKHousing

Every community is different, which is why it’s so important to listen and respond to local needs. In Perton, colleagues recently worked alongside the community after listening to concerns about waste, litter, and untidy spaces. By bringing together customers, local police, and partners, everyone played a part in improving the area, creating a cleaner, safer environment and a greater sense of pride. More info: https://bit.ly/4hmaHbw #UKHousing John Wade Paul Taylor

We’ve secured land for 179 new homes- and there’s more to come. Contracts are progressing to acquire land for over 1,000 additional homes, with agreements aiming to be completed by March 2025, helping us meet the growing demand for affordable housing. As we continue to grow, we’re also looking at how we build, exploring Modern Methods of Construction to speed up delivery and reduce our environmental impact. Read more: https://bit.ly/4kd2ZlU #UKHousing Lyndon Parkes Adam Frontczak