Housing Plus Group reports £37.8m surplus, plans 3,500 new homes

Summarised from 2 outlets · Updated 14 Oct, 05:32 · Archive

Housing Plus Group reported a £37.8 million surplus in its first full financial year.

Housing Plus Group, a not-for-profit housing provider, reported a £37.8 million surplus in its first full financial year, enabling greater investment in homes and services. The organisation manages 34,000 homes across Shropshire, Telford & Wrekin and Staffordshire.

During 2025/26, Housing Plus Group invested £145.6 million in new and existing properties. This comprised £39.3 million spent maintaining and improving current homes and the delivery of 719 new homes for people in housing need. The group aims to build 3,500 new homes overall.

Wayne Gethings, Group Chief Executive, stated: 'Achieving a £37.8 million surplus is a strong result, it's down to the hard work of our great team, but the important story is what that allows us to do for our customer and communities.' He noted the organisation does not make profit or pay dividends, so financial strength enables investment in matters most important to customers.

Plans ahead include developing a repairs service designed around customer demand, with more repairs completed on the same day, alongside continued investment in existing homes and support for customers facing financial difficulty. During the year, the group's money advice teams received 4,712 referrals and helped customers achieve £10.7 million in positive financial outcomes.

How it is being reported

• £37.8m surplus means more investment in homes and services at Housing Plus GroupIn its first full financial year Housing Plus Group has reported a £37.8 million surplus, giving it greater capacity to invest in homes and services for customers.Shropshire Live · 14 Oct, 05:15
• Housing provider reports £37.8m surplus as it targets 3,500 new homesHousing Plus Group invested £145.6 million in homes during 2025/26, including delivering 719 new properties across Shropshire and StaffordshireShropshire Star · 13 Oct, 10:12

In this story: Housing Plus Group · Shropshire · Staffordshire · Telford & Wrekin · Wayne Gethings

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