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Group overview 2010 - Riverside

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Doing more for our money<br />

Housing associations operate in a constantly<br />

changing environment. The Government is<br />

challenging us to become less reliant on central<br />

funding and to seek new ways to address the<br />

affordable housing agenda.<br />

We have been ahead of the game on this for<br />

some time now. We are already involved in two<br />

commercial joint ventures and have our own<br />

development subsidiary, Prospect (GB).<br />

We have shown that it is possible for a not-forprofit,<br />

social organisation to successfully<br />

operate commercial ventures that provide local<br />

employment opportunities and support our<br />

Corporate Social Responsibility agenda.<br />

The surplus generated from these activities<br />

goes back into our housing and regeneration<br />

business. This allows us to do more work to<br />

revitalise communities and improve the quality<br />

of life for thousands of our customers.<br />

24

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