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Former Music Box nightclub in St Ives converted to flats
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26 February 2021
Two years on and the housing association has found that one of the key benefits of the partnership is the certainty it provides, enabling them to make forward commitments and secure opportunities that would not have been possible without the partnership model.
Having the certainty of grant levels and allocations has allowed Sovereign to focus on longer term opportunities with the knowledge that grant is available, so schemes are able to progress at pace, without the need for individual bids and funding decisions.
They’ve moved towards a more land-led approach and invested in creating a team to deliver this strategy. Access to a secured grant at a fixed rate over several years has also enabled them to look at larger sites, increasing their competitiveness on the open market.