Challenges Faced by Local Authorities

Local authorities face rising temporary accommodation costs, limited capital for new builds, and ageing housing stock, all amid growing waiting lists and a widening housing shortfall. Retrofit demands to meet net-zero targets add further pressure. With government funding unable to cover the gap alone, innovative and collaborative solutions are increasingly being backed to tackle the crisis.

Ulo’s Response:

Access to funding for retrofit and stock improvement – work to net-zero targets

Deliver at speed and scale – through Refinance, Acquisition or New Build

New build offering – build more social housing to ease the burden

Mixed tenure options – social, affordable and market rent

Quality, appropriate homes with EPC C minimum

Up to 40% discounts on LHA

*Key Benefits

Speed

Control, flexibility: through nominations and management rights

No upfront cost: immediate savings against current delivery route

Positive NPV from year one, Cashflow positive from day 1 at project and organisationleve

Value for money - more cost effective than equivalent PWLB or market funding

No Right to Buy erosion

No MRP, balance-sheet neutral

Ownership of assets

Tailored to Council priorities

Risk Mitigation, Technical, Accounting And Legal

Break, buy-back and early exit clauses

Fixed rent reviews or indexed with cap and collars

Low initial hurdle

No IFRS 16 implications, no MRP required

Accounting technical audit by Grant Thornton, EY, KPMG, Knight Frank

No procurement implications, no state aid/subsidy control considerations