Independent Report Praises Placefirst For Far-reaching Social Impact of Rental Homes and Firm’s Commitment to ESG
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\u25cf <\/span><\/span>Placefirst, the Award-winning build-to-rent specialist has invested more than £134m into neighbourhoods<\/span><\/span><\/p>\n \u25cf <\/span><\/span>The Good Economy praises Placefirst for refurbishing homes that other developers deemed unviable <\/span><\/span><\/p>\n \u25cf <\/span><\/span>Its report reveals that £5.2m is spent annually by Placefirst residents in local economies<\/span><\/span> \nAn independent report has praised award-winning build-to-rent specialist Placefirst for the far-reaching social impact of its schemes and commitment to ESG.<\/span><\/span><\/span><\/p>\n <\/p>\n According to independent social impact advisory firm The Good Economy, the build-to-rent regeneration specialist has invested more than £134 million in total into the development, regeneration, refurbishment and upkeep of its neighbourhoods since launching in 2010.<\/span><\/span><\/span><\/p>\n <\/p>\n In addition, The Good Economy estimated that residents at Placefirst’s homes across the UK spent an estimated £5.2 million last year in their neighbourhoods across multiple local authority areas, boosting local economies. <\/span><\/span><\/span><\/p>\n <\/p>\n Some 42% of residents were found to have relocated from outside the local authority, “bringing new skills and income to the area”, helping to level up places in need of investment. A fifth were working for the NHS and a further third worked in hospitality, retail, technology, and education.<\/span><\/span><\/span><\/p>\n <\/p>\n The investment in Welsh Streets – Placefirst’s 283-home flagship Liverpool scheme – created a “ripple effect”, according to The Good Economy, which subsequently saw a nearby housing association invest more than £17 million in the local area. <\/span><\/span><\/span><\/p>\n <\/p>\n It added that Placefirst inspired additional “small investments, such as local landlords and businesses refurbishing their properties and an increase in small businesses”.<\/span><\/span><\/span><\/p>\n Placefirst’s retrofitting of existing housing stock where possible was also praised by the report, as refurbishment emits 36% less carbon than demolishing and constructing new assets. Five out of its 11 neighbourhoods (58%) are comprised of mostly refurbished homes. [1]<\/sup><\/span><\/span><\/span><\/p>\n <\/p>\n One local authority told The Good Economy that it is likely several derelict properties in its area would have been demolished had Placefirst not rescued and refurbished them.<\/span><\/span><\/span><\/p>\n <\/p>\n Placefirst’s portfolio also scored highly on energy efficiency, with 96% of its homes receiving an EPC rating of C or higher and a third (32%) receiving either B or A ratings. It added that 92% of homes which already had EPC ratings but were later refurbished by Placefirst saw those ratings increase.<\/p>\n Sarah Forster, CEO and co-Founder of The Good Economy, said: <\/b>“Our findings show that since its inception in 2010, Placefirst has made a real difference to the communities where it operates. In particular, when it invests in derelict locations in need of regeneration, the benefits to the wider area are significant.”<\/span><\/span><\/span><\/p>\n <\/p>\n The report stated: “Properties were mostly long-term vacant prior to acquisition by Placefirst and in a state of serious disrepair. They were often not attractive to or deliverable by other developers due to their complexity, which resulted in an association with a higher level of risk and therefore lack of financial viability.”<\/span><\/span><\/span><\/p>\n <\/p>\n David Mawson, CEO at Placefirst, commented: <\/b>“It’s fantastic to have an independent report spotlight the genuine impact our developments are having on communities up and down the country. <\/span><\/span><\/span><\/p>\n <\/p>\n “Our aim is to create thriving communities across the UK through high-quality sustainable housing –and this research confirms we’re doing just that.<\/span><\/span><\/span><\/p>\n <\/p>\n “The UK is home to the oldest housing stock in Europe, so it is little wonder, then, that so many renters are today living in poor-quality housing. <\/span><\/span><\/span> “That’s why we are so proud of everything we do at Placefirst – not only are we delivering thousands of desperately-needed new homes, we are also breathing new life and prosperity into communities.<\/span><\/span><\/span> “Our schemes have also delivered significant benefits to the local authority partners that we have worked with successfully over many years, providing council tax income and delivering high-quality homes for long-term rental.”<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Independent Report Praises Placefirst For Far-reaching Social Impact of Rental Homes and Firm’s Commitment to ESG \u25cf Placefirst, the Award-winning build-to-rent specialist has invested more than £134m into neighbourhoods \u25cf The Good Economy praises Placefirst for refurbishing homes that other developers deemed unviable \u25cf Its report reveals that £5.2m is spent annually by Placefirst… <\/p>\n
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