Page 41 - Housing Solutions Annual Report

METRIC 7: Return on Capital Employed
Our level of ROCE has declined reflecting both the reducing rent levels and our strategy of providing
only social and affordable housing. Our investment in our current stock to ensure our residents live in
homes that are both safe and of a decent standard impacts our ROCE adversely, but resident safety is our
absolute priority. We recognise that our ROCE is relatively low against our peers due to our strategy in the
past of providing more social rented housing. Currently 90.2% of our housing stock is social rented. In the
last year there has been a shift to affordable rent being developed with 14 social rent and 110 affordable
rented units being completed.

9%
8%
7% 28.3%
6%
28.3%
5%
4% 28.3%
3% 28.3% 28.3% 28.3%
2% 28.3% 28.3%
1%
0%
Peer Lower Peer Middle Peer Upper Sector Lower Sector Middle Sector Upper Housing Housing
Quartile Quartile Quartile Quartile Quartile Quartile Solutions Solutions
2019 2019 2019 2019 2019 2019 2018/19 2019/20

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