A Cumbrian housing provider has officially become a subsidiary of the Riverside Group; a move that is expected to secure 120 jobs until at least 2020.
Impact Housing Association, a small organisation based in Workington, with around 2,770 properties across Cumbria, voted to join Riverside at its AGM back in June.
With the legal process required by the social housing regulator completed, Impact became part of the Riverside Group yesterday. It ends a period of uncertainty over the organisation’s future viability and will bring much-needed investment in its stock.
A £25 million investment programmed is expected to get underway, with support from Riverside, to repair, modernise and improve Impact’s homes.
“[The] announcement is the result of almost a year of very intensive work to seek a strong partner that will secure Impact’s future and win the support of our tenants, shareholders and local partners in our joint plans,” said Bryonie Shaw, Impact’s interim managing director.
“Riverside impressed our Board from the outset with its strong commitment to partnership working and values that place customers at the heart of service delivery.
“The association already has a strong local presence, particularly in Carlisle, and the whole partnership has felt like a very natural fit. I’m really thrilled that we are now in a position to make a real difference to our customers’ homes and lives whilst revitalising our development programme of new affordable homes within the region.”
Carol Matthews, Riverside’s group chief executive, added: “Welcoming Impact into the Riverside family is a really fitting way to celebrate our 90th year as a provider of social housing.
“It’s a landmark event that we have all worked hard to bring to fruition and the start of an exciting new chapter for both our organisations. Our priority now is to begin delivering the promises in our Partnership Pledge with a clear focus on strengthening Impact’s financial position and governance arrangements.
“We will maintain local service delivery to customers through the offices and colleagues they know and trust whilst we begin scoping out with them the ambitious housing improvement programme.
“Over the next two to three years we will be looking to re-ignite Impact’s development programme and begin exploring the potential to bring our two organisations’ operations closer together across the region.”
Image: Carol Matthews, Riverside Group chief executive with Impact’s Mark Costello, chair, and Bryonie Shaw, interim managing director