THE Regulator of Social Housing (RSH) has upgraded Onward Homes’ governance rating from G2 to G1; the organisation has also retained its V1 viability rating.
“We are delighted that the Regulator has recognised the improvements we have made in governance and control,” said Dr Neil Goodwin CBE, Onward’s chair.
“As one integrated organisation, our strategic direction is now also clear as we aim to become the social landlord of choice, to improve our neighbourhoods and to grow.”
The North West-based housing group had been downgraded to a non-compliant G3 rating in July 2016, but returned to a compliant G2 rating in January 2018.
The RSH concluded that Onward had strengthened the systems it uses to manage its housing stock and could demonstrate compliance with statutory health and safety requirements.
It also noted the establishment of a common board and unified management structure to improve internal controls, and that the board and executive team had been strengthened.
“This is a significant achievement for Onward and my thanks go to the board and all our colleagues who have worked so hard to get us here,” said Onward’s chief executive, Bronwen Rapley (pictured).
“But we won’t be resting on our laurels. We are actively looking for the partnerships and opportunities which will both help us to build more homes and to make a positive difference in our communities.”