Back to Latest news

Orbit shows impact of reinvesting as it launches report

Orbit Group, the 39,000-home housing association, is demonstrating the real impact of its work and investment in ‘Building Communities’ to empower the 100,000 customers it serves.

This week, Orbit published its first Corporate Responsibility (CR) Report, which outlines how it works with communities to make a sustainable difference to the environment, economy and society.

As a long-term sustainable business, Orbit delivered a £45.5m profit in 2014-15. At a time when housing associations are coming under scrutiny to justify the surpluses they make, the report shows how this money is being spent and sets out its plans for the future.

With £1.8million invested in community schemes in the past 12 months, Orbit has supported customers to improve their digital skills, find employment and manage their money. Through investment in energy efficiency and warmer homes, and supporting environmental projects, the report demonstrates how Orbit has supported the wellbeing of customers in the communities where they live.

Orbit’s partnerships and investment in third sector projects has enabled it to support new initiatives and grow existing successful schemes. These  together have provided training and support to 1,530 customers.

In providing a choice of quality housing for any age, Orbit built more than 1,500 new homes for rent and sale last year. Through doing so,  gave more people the opportunity to own their own homes and further expanded its independent living with care portfolio for over-55’s.

Chief executive of Orbit, Paul Tennant, said: “I am proud of what Orbit has achieved. This report shows that we have a clear focus and that we invest our resources in areas that create the greatest impact for local communities. Through developing our people, working in partnership and investing in new and existing homes, this report demonstrates that we are true to our mission.” 

Read Orbit’s full CR report.