Best Use of Thought Leadership
KPMG helped Lloyds Banking Group develop and articulate a new model for expanding the development of new social rent housing and helped position Lloyds at the centre of the debate.
Social housing is the foundation of strong communities and productive economies. Yet currently, the UK social rent housing sector is selling more homes than it is building, leading to record-high numbers of people in temporary accommodation.
When Lloyds Banking Group asked us to help their cross-industry partnership – the Social Housing Initiative – find ways to help address the issue, KPMG jumped at the opportunity. Working in collaboration with their broad range of stakeholders, we set to work analysing the root causes of the issue. We helped them identify the binding constraints of the sector and assess a range of interventions that might make a real and sustainable difference across the UK.
The recent UK general election provided an opportunity. With public debate about social rent housing at a high and promises of building 1.5 million new homes still fresh on the lips of politicians, we saw an opportunity to use our findings to create a clear, evidence-based and solution-oriented call to action to policymakers and housing leaders. The report, entitled Building futures: A new era of investment in social housing, was launched in July 2024.
The report has been a massive success. It has elevated the quality of the debate on social rent housing. It has provided evidence to support future investment. It has delivered new ideas and approaches to the market. And it has positioned our client, Lloyds, at the heart of the solutions.
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