New data on the impact of housing associations shows that collectively housing associations add nearly £19.5bn to the economy each year, as well as supporting over 300,000 jobs and directly employing over 130,000 people in England. This data is available in the refreshed and Local Economic Impact Calculator, launching today.
Rebecca Harpley is Research Analyst at the National Housing Federation
7 June 2018
The Local Economic Impact Calculator (LEIC) demonstrates the impact of housing associations – individually and collectively – in a range of ways and for a range of geographies including local authorities, regions, Local Economic Partnerships and the most up to date list of combined authorities. The tool includes detailed area profiles, with information on housing stock, employment, house prices and earnings, and outlines the value generated by investment in affordable homes, as well as the impact of current housing and proposed development on the local and national economies.
Over the last year evidence from the LEIC has been central to positioning housing associations as key partners of decision makers, including providing a starting point for conversations with elected Mayors in the West of England, Liverpool City Region and Cambridgeshire and Peterborough around devolution. You can find examples of how LEIC data has been used by groups of housing associations in the Liverpool City Region infographic, the West of England infographic, and the Cambridgeshire and Peterborough prospectus and in 24 Housing.
Nick Aitkin, Group Chief Executive of Halton Housing, also explains the importance of local economic impact data in demonstrating the economic and social value added by housing associations .
The LEIC is free to all National Housing Federation members. You don’t need to be a researcher to use the tool but we’ll be happy to help if you have any questions.