CHC releases socio-economic impact report
Figures released today shows the vital role of Welsh Housing Associations to the economy in Wales. We commissioned Beaufort to gather data from Welsh housing associations for the latest socio-economic impact report.
The report shows that:
- Over £1.2billion spent in 2017/18, up 13.5% on the previous year.
- 84% of all spending by housing associations remained in Wales over the last year.
- Gross value added to the Welsh economy was £886million, up 20% since last year.
- 23,000 full time equivalent job roles were supported by the housing sector – an increase of 4.5% since 2016/17.
- £4million was spent on training tenants with 8,000 people receiving employability and skills development.
Clarissa Corbisiero-Peters, Director of Policy and Deputy Chief Executive at Community Housing Cymru said:
“This report shows that Welsh housing associations are in it for the long term, and yet again delivering an economic and social boost in local communities across the country. 84p of every £1 spent by a Welsh housing association stayed in Wales last year, and this investment by organisations that are rooted in local areas is more important than ever.
The ongoing review of affordable housing supply in Wales provides an opportunity to ensure that we create a policy environment which allows housing associations to deliver our vision of a Wales where good housing is a basic right for all."
Read the full report here.