Shoreline and Boston Mayflower merger could bring an extra £50 million to spend
Shoreline Housing headquarters in Grimsby
By Grimsby Telegraph | Posted: 14 Aug 2017
The possible merger of two Lincolnshire housing organisations could give them an extra £50 million to spend on services and future development.
Shoreline Housing Partnership and Boston Mayflower are currently negotiating the possibility of a merger between the two companies in order to create a 12,700 home Greater Lincolnshire landlord, believing that it could create a more efficient and resilient business, with a greater ability to invest in new and existing homes.
Consultations are currently underway with residents and employees of both housing providers as well as key stakeholders, local authorities and the wider community and will run until Monday, September 4.
These consultations are designed to answer the questions and concerns raised by those affected by the merger, giving the organisations a chance to reassure them that nearly all of the frontline services that they offer will remain the same, with the bulk of the proposed changes affecting IT facilities, financial services and senior management.
Five new contemporary homes have been unveiled in Grimsby as Shoreline Housing continues investing in building new properties across the borough
In the immediate future the merger would mean that residents will continue to see £15 million annual investment for upgrades and home maintenance, safe communities as the organisation works with communities and partners to combat anti-social behaviour and provide, along with increased services as it seeks to provide its own handyperson, warden and community support services.
In the long term, there will be an increase in spending capacity, as the organisation gets £50 million more to spend and invest, a repair service running seven days a week, the creation of 60 new homes per year, and there are hopes that an additional 4,000 people will be housed over the next 30 years.
As part of the consultation, Shoreline has been trying to provide feedback to customers about any queries they may have and are keen to stress that the merger would not change any tenancy agreement, rent will remain the same, current projects will still take place, landlords will not change and services will still be catered for locally as local employees and offices will remain in place.
If the merger is to go ahead then it could take place as early as November this year.
Former chief executive and advisor to Shoreline Tony Bramley
Speaking at one of the community consultations held at the Freeman Street Market, Former CEO and current advisor to Shoreline Tony Bramley said: "So far the consultations have been very productive, with many residents wanting to have concerns over local services addressed, and we are keen to stress that we will be keeping the same offices and local service provision here in North East Lincolnshire.
"The primary changes that would be made to the organisations are primarily based around the structure of our internal IT services, finances senior management, but I understand that residents are worried about the services that they can physically see.
"We have sent out leaflets and documentation to residents outlining the details of the possible merger, and literature is also available online, but there are often questions that are left unanswered, which these consultations give us a perfect chance to address, as there are always questions we have never thought of.
"The merger of the two organisations, should give us an extra £50 million spending capacity, which will be used throughout the organisation, although as two thirds of the new company after the merger will be based in North East Lincolnshire due to the size of Shoreline, I can imagine most of that will be spent here, however it is still too early to say that for definite, and there may be other ways the money is divided up.
"Overall the merger will give us a choice of where to spend the money, just on a larger scale."
The final three consultations will take place:
Monday, August 14
Kesteven Room – Immingham Civic Centre, Pelham Road, Immingham, DN40 1QF
Tuesday, August 15
Bishop King Centre, Wingate Parade, Grimsby, DN37 9EL
Wednesday, August 16
Shoreline online Facebook question and answer session – Shoreline Homes to Rent