1. Aster’s Local
Economic Impact

3. Economic Impact
• Employer
• Landlord
• Developer
• Provider of services
• A business

4. Employer
• 1200 employees
• Over 20 trainees and apprentices
• Payroll of £32.5m
• Take home pay £20m

5. Landlord
• Aster rents c15,000 properties on social
rents
• 50% on Housing Benefit average rent £40
below market level (30% full, 20% part)
• If housing provided in private rented sector
housing benefit bill at least £12m pa higher

6. Developer
• Development Programme
• 500 homes per annum
– Each home creates 1.5 jobs (HBF)
• Aster Programme supports 750 jobs
• Each home increases council tax and new
homes bonus income for local authorities

7. Services (1)
• Benefit advice increased resident
income by over £800k
• £130k voluntary sector grants
• Actively promote credit unions & re-use
projects
• Run one re-use project, opening second
• Housemark social impact tool, currently
only on ‘social’ activities

8. Services (2)
• Home care & extra care both been
demonstrated to reduce hospital bed use’
reducing cost pressures on local NHS
Trusts
• Social Enterprise Development service to
– develop new services,
– assist existing
– support customers set up local businesses

9. Business
• Tax contribution
– Employers NI - £2.5m
– Employees NI & PAYE - £5m
– VAT and other £1m

10. Procurement
• Total annual value - £60m
• No impact yet of 2012 Social Value Act (will be enacted
in 2013)
• Operate within 2006 regulations - consolidated and
offered through EU procedure, Understanding that HCA
meaning of VFM is low cost
• Seek to support local SMEs in bidding skills, provision
of policies etc
• Over 200 local suppliers on approved lists

11. Conclusions
• We pay more tax to Government than they
pay to us in subsidy
• Provide and support significant number of
jobs
• Nervousness around procurement/VFM
• Limited data to drive local economic
performance
• Desire to do more