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How your money is spent
Your rent helps provide services including maintaining your home and more.
Last year (2022/2023) we spent £315 million on our rented homes, which is split like this..
In 2022/2023 we made a surplus of £25 million, which we reinvest back into the business where it helps pay for things like:
- Improvements to our existing homes - we invested £46 million last year
- Building new affordable homes for rent - we invested £162 million last year
Making a surplus is important as it:
- Gives us financial stability
- Makes us a partner businesses want to work with
- Lets us invest in existing homes and new affordable homes
Want to know more?
If you want to know the detail behind our finances then read our financial statements. Our customers shape everything we do. Find out how you can get involved in how your money is spent.
How much money do we receive, and where do we spend it?
What we do: | Renting homes | Building homes to sell | Providing care and support and other activities | Total |
Income (£m) | 323 | 90 | 48 | 461 |
Costs (£m) | -315 | -87 | -59 | -461 |
Other (£m) | - | 5 | 20 | 25 |
Surplus (£m) | 8 | 8 | 1 | 25 |

How do we fund development of new homes?
We spent £180 million on building new homes last year:
Approximately 25% of a new affordable home is funded through a grant from the government, and Home Group funds the rest.
We do this by reinvesting the surplus we make on the homes we build to sell, or borrowings that we then pay back from the rental income we receive.