How we are funded

Home Group is financed through a mixture of earnings, grants and loans. The majority of our earnings come from social housing rents.

We also receive income from the sale of the new properties we develop (e.g. shared ownership and outright sales), and from our existing property assets (e.g. through Right to Buy and shared ownership staircasing).



We receive government grant money to build new affordable housing through Homes England, the Greater London Authority and the Scottish Government.


This funding contributes to the development of new homes, with Home Group meeting the remaining costs.



We also receive profit share through joint venture initiatives we enter into. One example of this is the Gateshead BIG project with our partner Evolution Gateshead Developments LLP.  



Further funding is accessed through government grants given to local authorities to fund many of our care and support services, which help vulnerable people live independently.



We also receive funding for care and support services from health trusts, clinical commissioning groups, the Fair Chance Fund and the Big Lottery Fund.



Home Group’s external loan finance comes from various sources including banks, building societies, sector-specific funders and the capital markets, who provide both long term loans and short term revolving facilities.



Our surplus is reinvested as follows:


•    To build much needed new homes across a variety of tenures;


•    To improve the quality of our existing homes; and


•    To provide new and improved products and services for our customers and clients.