Jessup Brothers will not be sending Christmas Greeting cards this year; instead we have donated £100 towards Christmas Decorations for Walsall Manor Hospital.
An end of year update from Clive Jessup, Chief Executive;
The way we deliver affordable housing is changing and we see opportunity
Affordable housing is being squeezed by the Government’s latest proposals. Registered Social Landlord’s will be able to charge 80% of the market rent and the National Affordable Housing Programme Grant has been cut.
This will mean less development, or will it?
We see this as an opportunity, after all, demand is rising and affordable housing is a basic need. So how are we going to continue to deliver good quality housing? Along with the cuts comes more flexibility for Local Authorities, some of whom we are talking to about Tax Increment Financing (TIF) as well as Local Enterprise Partnership’s (LEP).
We at Jessup have always fostered partnership working, I think this will be the only way affordable housing schemes can be delivered for the foreseeable future. This may mean reducing unit sizes; only building to Code for Sustainable Homes Level 3; cross subsidising with outright sale; sharing risk and reward or deferring land payments among other avenues.
The success of our ‘Meet the buyer’ events
Some 90% of Jessup’s annual spend goes into our local economies. We ensure this is maintained by holding Meet the Buyer events for our new schemes and continuing to support our local suppliers and subcontractors.
This year we have recruited 7 new apprentices and trainees in various disciplines such as carpentry, bricklaying, quantity surveying and accounts.
Our flagship development at Walsall Waterfront continues with Phase One completion in March 2011. The Art One apartment building is now adding new colour and quality to Walsall’s town centre.
What about our sustainable agenda?
We continue to review all sustainable energy solutions using solar hot water, air source and ground source heat pumps whilst driving down the number of defects at handover to zero. We are currently achieving Code for sustainable homes level 4 cost effectively.
Time to change the OJEU rules?
We see these as a real barrier to good client – contractor relationships. Copious amounts of information to clients who in some cases have known us for 22 years seems a waste of money which could be deducted from the cost of the scheme. Hopefully the government will follow through with their common sense agenda and allow good client – contractor relationships to continue.
I think 2012 will be a challenge, and for those of you who are prepared to do things differently, we can continue to provide much needed affordable housing for our local communities.
It goes without saying that should you wish to discuss with Jessup about delivering any schemes you may be considering then please feel free to contact us.
Have a Happy Christmas and Prosperous New Year, the team at Jessup.