G1 and V1 ratings come after first full year of operations
Clarion Housing Group has today received the highest regulatory judgement for both governance and viability from the Regulator of Social Housing following their ‘In Depth Assessment’ (IDA) of the Group, which commenced in November 2017.
The judgement is:
- Governance grade: G1
- Viability grade: V1
The assessment considered Clarion’s risk profiles, exposures, financial strengths and weaknesses, governance and the delivery of value for money. The results reflect Clarion’s ongoing commitment to strong governance and financial strength in order to deliver high quality services to residents and much needed new homes.
Clare Miller, Director of Governance and Compliance, at Clarion Housing Group, commented: "We are delighted with the findings of the Regulator following their assessment. This judgement is testament to the hard work and importance our Boards, Directors and staff place on ensuring that Clarion performs to the highest possible standards. One year into our operations this judgement represents an important step, we know there is still much to do and we remain committed to continuous improvements to the standard of services we provide."