VIVID announces another year of great performance, despite the challenges faced by the country and housing sector. The organisation’s results have enabled it to provide extra support to its customers and communities in Hampshire and deliver on its promises to give customers a safe and secure home and provide the foundations for their wellbeing.
In its Annual Review and Financial Statements 2020-21, published this week, VIVID’s continued strength in the sector is clear, reporting an annual turnover of £310 million and operating surplus of £92m. But what stands out most is how it used its financial position to provide more support to its customers and communities.
Some notable achievements throughout the year include providing 2,550 new customers with a home, helping customers access more than £5.7m in benefits or income they were entitled to, supporting 589 customers get back to work and building 1,010 new homes, 42% of which were for social and affordable rent and 882 were built in Hampshire.
In addition to this, VIVID also announced last year the launch of its charitable arm, VIVID Plus, through which the organisation pledges to invest £21m over the next 5 years to bring added support to customers and communities for the long term.
These collective achievements mean VIVID has continued its journey to deliver more homes, bright futures for its customers and communities and it’s determined to do more.
Mark Perry, chief executive said, "The last year has made many of us really take stock of what matters most in life. This is where genuine empathy, understanding and support can make a real difference, and this is something we’ve continued to focus on as a business. We’re here for the long term, and this year has reinforced that through good times and bad, there’s a central role we at VIVID can provide in helping people improve their life chances and supporting communities to thrive.
"I’m delighted that as a business we’re continuing to move from strength to strength and this is testament to the commitment and collective efforts of everyone across the organisation, to do even more for our customers and neighbourhoods."
Other achievements throughout 2020/21 include: