Curo

Curo Group is a not-for-profit housing and support organisation based in Bath, UK. Curo’s operating area is the West of England, with the majority of its homes located in Bath and North East Somerset where it is the largest housing provider.[1]

Areas of activity

Curo manages approximately 12,000 homes and develops around 300 new homes each year.[2]

As a housing association registered with and regulated by the Homes and Communities Agency, Curo provides homes at low-cost social and affordable rents through local authorities’ choice-based lettings schemes, and for sale through shared ownership. Curo also provides homes at market rents and for sale on the open market, cross-subsidising its charitable activities.

Curo provides support services to older and vulnerable people, including people affected by homelessness and people with disabilities. In 2013 Curo’s Independent Living Service received the National Housing Federation’s national Community Impact Award.[3]

In 2013 Curo purchased the 19 hectare former Ministry of Defence site at Foxhill in Bath for £50m with a view to redeveloping the area with a mix of up to 700 affordable and private homes.[4]

History

Prior to 2012, Curo traded as Somer Housing Group. Somer Housing Group's main housing association member was Somer Community Housing Trust, formed in 1999 with the transfer of Bath & North East Somerset Council's housing stock as part of a large-scale voluntary housing transfer.[5] The Group was joined in 2002 by Shape Housing Association and in 2005 by Redland Housing Association. Shape, formed in 1983 as Bath Self-Help, specialised in supported housing for people in the Bath area. Redland Housing was founded in 1973.[6]

Partnerships

Curo is represented on various local and regional groups including:

Finances

Curo Group recorded a turnover of £63.3m and an operating surplus of £11.9m in the 2013-14 financial year.[11] In 2013 the group secured £75m of funding with M&G Investments, £50m of which was to support its house building programme, with £25m for additional projects.[12]

Regulatory judgements

As of May 2014 Curo has been assessed by its regulator the Homes and Communities Agency as having the highest (G1 and V1) ratings for governance and viability.[13]

See also

References

  1. ↑ Homes and Communities Agency. "Statistical Data Return 2013." Retrieved on 29 Jan 2014.
  2. ↑ Curo website. "What we do." Retrieved on 29 January 2014.
  3. ↑ National Housing Federation. "Community Impact Awards Winners."
  4. ↑ Bath Chronicle. "MoD reveals Curo has bought Foxhill site in Bath."
  5. ↑ Bath & North East Somerset Council. "Strategy and Performance."
  6. ↑ Curo. "Our Big Plan for the Future."
  7. ↑ West of England Partnership. "Guide to the West of England Housing Delivery Panel". Retrieved on 29 January 2014.
  8. ↑ Bath & North East Somerset Council. "Bath and North East Somerset Public Services Board."
  9. ↑ Bristol City Council. "Housing in Partnership." Retrieved on 29 January 2014
  10. ↑ Bath & North East Somerset Council. "Homelessness Partnership."
  11. ↑ Curo Group. "Annual report 2013/2014."
  12. ↑ Inside Housing. "Curo inks £75m deal for new funding."
  13. ↑ Regulatory Judgements, HCA. Retrieved 23 May 2014.

External links

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