Efficiencies achieved

We have assessed our VFM gains for 2015/16 in the following ways:

  • We split the savings to show time savings and monetary savings
  • We split the savings between ongoing savings and one-off savings
  • We have allocated the savings across the five key corporate goals
  • We have split Goal 3 (to build and maintain safe, secure and sustainable homes and communities) to show savings to existing properties separate from savings on new development schemes
  • We have separately identified efficiencies which directly benefit residents by way of reduced utility bills
  • We show social and environmental savings.

In measuring efficiencies we include ongoing efficiencies which originated in years before 2015/16 but still affect the current year. Ongoing efficiencies are recorded in the tables for a maximum of four years.

As with our previous year’s statement, the most significant savings have been achieved in our asset management and new development activities. 
 

 

VFM gains directly benefitting residents
Our programme to install photovoltaic (PV) solar panels and Air Source Heat Pumps (ASHP) has led to reduced utility bills for our residents. Using industry data, it is estimated that savings from installing these devices between 2013/14 and 2015/16 could save residents over £0.52m on fuel bills between 2015/16 to 2021/22.

VFM social and environmental savings

For more information, click here to read our full Value for Money statement

Further information

Documents

VFM Self Assessment Statement 2015-16

VFM Self Assessment Statement 2015-16

File type: PDF document
File size: 1 MB

TCHA Annual Report and Financial Statements to 31st March 2016 web version

TCHA Annual Report and Financial Statements to 31st March 2016 web version

File type: PDF document
File size: 608 KB