Value for Money
The Homes and Communities Agency regulatory standard for social housing sets out the requirement for Housing Associations to deliver a comprehensive and strategic approach to achieving Value for Money (VfM) in meeting their organisations objectives.
This requires a robust assessment of the performance of all our assets and resources by the Gentoo Board and the publication of an annual Self-Assessment.
Our approach to VfM is to consider economy, efficiency and effectiveness (the 3 E’s) in everything we do. As part of our approach, we take into account the views and expectations of stakeholders such as customers, regulators and partners. We focus not just on the cost and quality of our service, but also on the social and environmental impacts of our choices.
Value for Money Policy
At Gentoo, the application of VfM is fundamental to the Group’s operation and underpins the achievement of the Group’s vision and values. Our strategic approach is embedded throughout our business at every level and an action plan is closely monitored. Our VfM objectives, as set out in our VfM Policy, ensure we optimise VfM and ensure our robust approach continues into the future.
Value for Money Self-Assessment
Every year we produce a VfM Self-Assessment that articulates our ongoing approach to VfM. The aim is to give a comprehensive assessment on how we are achieving ongoing VfM efficiencies across our business.
