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Wrekin achieves highest ratings from housing regulator

The Wrekin Housing Group has achieved the highest regulatory governance ratings, following an in-depth assessment (IDA) carried out by the Regulator of Social Housing.

The assessment, which takes place every four years, was conducted during the current pandemic and sees the Group maintain its G1 status for Governance and V1 status for Financial Viability – meaning Wrekin meets the highest regulatory standards in both areas.

Group Chief Executive, Wayne Gethings, added:

“I am delighted the regulator has awarded us the highest possible rating for governance and viability.

“These ratings reflect the both our current level of performance, as well as our constant drive to improve. The fact that we have maintained these high standards, despite the challenges brought by the pandemic, is a fantastic result.

“It underlines our strength as an organisation and is a recognition of the hard work, professionalism and achievements of all our staff.

“Wrekin is in a strong position to continue to make a difference to people’s lives as we invest in our communities, build new homes, and deliver outstanding levels of care.”

Desmond Hudson, Chair of The Wrekin Housing Group said:

“This positive IDA outcome is confirmation of the regulator’s confidence in our financial plans, our strategy and the way we manage our business.

“To achieve and then retain the highest possible rating from the regulator is certainly no mean feat; the assessment process is rigorous and exhaustive, so to come out with this result is testament to the hard work of our entire workforce.”

29th April 2021