New landlord set to launch

The merger of Shoreline and Boston Mayflower will officially go ahead this spring to form new 12,700 home landlord - Lincolnshire Housing Partnership – known as LHP.

 

Following due legal process, a second confirmatory vote has given the green light for the new landlord to launch on 3 April 2018.

 

Following thorough independent evaluation and consultation with tenants, employees, partners and the wider community, the boards of both organisations separately agreed to bring the two housing providers together.

 

The merger has been both supported and approved by North East Lincolnshire Council as well as 66% of Shoreline customers who expressed their view.

 

The new organisation will have 360 employees and own and manage over 12,700 homes.

 

LHP will benefit from an additional £50m spending capacity, which it has pledged to use to provide at least 60 extra new homes in Lincolnshire each year enabling it to house an additional 4,000 people over the next 30 years.

 

The rights, rents and tenancy and lease agreements of both Boston Mayflower and Shoreline residents are unaffected and further details will be sent directly to tenants over the next few weeks.

 

Stephen Savage is the new LHP chair while Murray Macdonald has been appointed as LHP chief executive.

 

LHP chief executive Murray Macdonald said: “We’re looking forward to officially launching LHP, building on the best from both organisations and delivering enhanced locally-based services throughout Lincolnshire to benefit residents and the communities we serve.”

 

LHP has pledged its commitment to tenant engagement, including an enhanced role for both tenant scrutiny panels and continued tenant involvement mechanisms.

 

LHP will be a charitable community based organisation that channels profits back into services and projects that benefit tenants and local neighbourhoods.

Merger Approved

Merger approved

 

The boards of Shoreline and Boston Mayflower have officially agreed to merge to create a new 12,700 home landlord called Lincolnshire Housing Partnership.

 

Following thorough independent evaluation and consultation with tenants, employees, partners and the wider community, the boards of both organisations have separately agreed to bring the two housing providers together.

 

The merger has been both supported and approved by North East Lincolnshire Council as well as 66% of Shoreline customers who expressed their view.

 

Following due legal process, approval will now move to the next stage of a confirmatory vote in two weeks’ time with Lincolnshire Housing Partnership due to officially launch on 3 April 2018.

 

The new organisation will have 360 employees and own and manage over 12,700 homes.

 

The new organisation will benefit from an additional £50m spending capacity, which it has pledged to use to provide at least 60 extra new homes in Lincolnshire each year enabling it to house an additional 4,000 people over the next 30 years.

 

The rights, rents and tenancy and lease agreements of tenants will be unaffected and further details will be sent directly to tenants following final approval.

 

Shoreline’s current board chair, Stephen Savage, will be the new group chair. Murray Macdonald has been appointed as group chief executive designate.

 

Murray Macdonald said: “We’re delighted that both boards have strongly agreed to merge to create a new greater Lincolnshire landlord.

 

“Remaining locally based, our tenants will continue to be at the centre of our services as we meet housing need, provide new home and deliver enhanced services throughout Lincolnshire to benefit residents and the communities we serve.”

 

Shoreline own and manage 7,900 former council homes across North East Lincolnshire while Boston Mayflower own over 4,800 homes across the borough of Boston and south Lincolnshire.

 

Both housing providers are community based organisations that channel any surpluses back into services and projects that benefit tenants.

 

Further detail about the merger is available here Questions and answers. If you have any questions please Get In Touch

Shoreline Housing Partnership and Boston Mayflower enter into merger talks

 

 

 

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PRESS RELEASE

 

 

Shoreline Housing Partnership and Boston Mayflower enter merger talks

 

Two of the region’s leading housing providers have announced merger talks that could create a 12,700 home greater Lincolnshire landlord.

 

North East Lincolnshire housing provider Shoreline has begun discussions with southern Lincolnshire association Boston Mayflower.

 

Independent consultants have been brought in to evaluate the cultural, financial and service impact of a possible merger – an extensive piece of work that will take three months to explore.

 

The Boards of both organisations will then review the business case and announce a decision on whether to proceed by Christmas 2016.

 

Shoreline chief executive Tony Bramley said: “Shoreline is a robust, successful organisation but following the impact of government changes to social housing, these are challenging times for all social housing providers.

 

“These talks therefore present an opportunity to discuss the possibility of creating a larger landlord combining services, enhancing efficiencies and creating capacity to invest more, while still maintaining a focus on local delivery.

 

“At the forefront of our discussions will be the benefit it may present to our tenants, employees and the communities we serve.”

 

Chief executive of Boston Mayflower Murray Macdonald said: “We’re pleased to announce that our two boards have started talks about bringing our organisations together in an equal partnership to form a new, strong group to build and manage homes and support communities within Lincolnshire. This is a very early stage in discussions, but we want to be open with our staff, customers and stakeholders.

 

We feel that there’s a great match between the two organisations. We share very similar values and believe there’s no better blend of experience, skill, resources and energy to serve the particular needs of our communities.”

 

Both organisations are keen to stress that these are preliminary talks only and no decision has yet been made.

 

If you have a question you would like to raise please contact us at  questions@bostonmayflower.org.uk