Finance

How we spend your rent

Where does each £1 come from?

 

Rent and service charges - 53p

New loans taken out - 34p

Grants received (new build homes and decarbonisation works) - 10p

 Other income (water commission and misc.) - 1p

 Asset sales incl. Right to buy and Right to acquire - 1p

 Garage and commercial rents - 1p

Where does each £1 go?

 

 Creating new homes - 46p

 Improving your home and community - 16p

 Improving your homes (repairs) - 16p

 Staff costs - 9p

 Interest paid - 7p

 Supporting your tenancy - 4p

 Other - 2p

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