Stonewater welcomes rent settlement confirmation

"Stonewater welcomes the confirmation by Housing Minister, Kit Malthouse, for a five-year rent settlement of CPI +1% from April 2020, for both housing associations and local authorities. We are pleased that the Government has listened to the sector and introduced a measure that offers the sector financial stability and allows us to plan for the longer-term...

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The confirmation allows Stonewater the opportunity to ensure that we can invest in our existing stock as well as deliver thousands of new affordable homes and to also ensure that we continue to deliver the “quality and quantity” of new homes across the UK.”

Nicholas Harris is chief executive of Stonewater.