Allison Group has launched a new Partnerships division, dedicated to delivering affordable homes across its operating regions. The move will ensure that, as a company, it is building homes for customers in all parts of the market – private, rented and affordable.
The new division will have a key role in helping the company achieve its target of building 2,000 new homes annually by 2027, with at least 500 of these homes delivered through partnership or joint venture each year.
John Anderson, CEO of Allison Group, said: “With our experienced team, our financial strength and our resources, I am very excited about our ability to deliver in this market.”
“The power of the Allison Partnerships offering is derived in part from our financial strength, having completed our management buyout in 2021 and the closing of our £120million debt facility, coupled with the unrivalled experience of the Group’s leadership team.”
“With Gordon More (former Interim CEO of Homes England) and Dave Sheridan (former CEO of Keepmoat) as non-executive directors, there is a wealth of knowledge about building and maintaining partnerships. Moreover, there’s a personal commitment from these individuals, influenced by their own life journeys, to make quality homes available to all members of society – not just those who can afford market prices.”
The first three Partnership schemes to be delivered by the new division will be 130 homes in Norwich with Legal & General, 121 homes in Bourne, Lincolnshire with Longhurst Group and 130 homes in Whittlesey Green, Cambridgeshire with Accent Group.
Every home in each of these developments will be affordable and made available for sale or rent. With a strong existing land bank, the company plans to seed key relations and accelerate this part of its business by offering land and build-package deals to more housing providers across its other key regions in the near future.
John continued: “Housebuilding shouldn’t be regarded as simply transactional, but the start of a long-term relationship with home buyers, local stakeholders and communities. We’re building a business that will span generations.”
As part of the partnerships package, Allison Group is committed to donating £100 for every home contracted through a partnership scheme, to a local charity. Over the next five years, the aspiration is to donate a total of £200,000 by 2027.
John went on to say: “Allison Partnerships is about so much more than just building affordable homes – it also demonstrates our commitment to our corporate values of kindness and community.”
“It was always part of our strategic intent to accelerate our growth plans by forming lasting partnerships with housing associations, local authorities and investors across our key regions.”
