HCA SW Partnership Event - Paul Crawford - What's the Deal? Housing Association Mergers - Workshop Presentation
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The document summarizes the merger strategies and progress of DCH and Knightstone Housing Association. It discusses that the timing was right for a merger in 2016 due to cultural similarities and compatible growth ambitions. The boards agreed to a heads of terms in June 2017 with the goal of completing the merger by summer 2018. The merger aims to substantially increase affordable home development, transform services, and create a strong resilient organization through beneficial savings and value.
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HCA SW Partnership Event - Paul Crawford - What's the Deal? Housing Association Mergers - Workshop Presentation
- 2. Paul Crawford HCA Partnership Event Group Chief Executive, DCH
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- 5. 5 DCH and KHA merger strategies merger strategies developed during 2016 enhancing our strategic vision and purpose increase growth and service quality seeking opportunities with south west organisations clarity of where financial capacity would be invested mindful of sector retrenchment given rent uncertainty
- 6. Why DCH and Knightstone? A great opportunity: timing was right for both good geographical fit cultural similarities shared heritage compatible growth ambitions opportunities for efficiencies untapped potential
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- 8. 8 Progress leading to heads of terms discussions with Chairs and CEOs from autumn 2016 outline business case agreed by boards Dec – Feb 2017 early agreement on leadership roles creation of Joint Board Working Group heads of terms agreed June 2017 aim of completing merger by summer 2018
- 9. Agreed heads of terms We will: substantially increase the number of new affordable homes create capacity to deliver 15,000 new homes over the next 10 years transform services – meeting customer needs and aspirations drive value for money, creating beneficial savings create a strong, resilient organisation in our changing sector
- 11. Milestones
- 12. Collaboration Things considered at an early stage Governance Transformation Staff recruitment Identifying talent Risk appetite and ambition Growth ambition for 10 years and beyond
- 13. Some issues to consider Rationale for merger Avoiding self interest Cultural differences Clarity on vision and ambition Consider standalone options HCA
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