Collectively managing more than 30,000 homes across the midlands and beyond, the consortium was launched to:
- identify, secure and deliver affordable housing schemes, efficiently and cost-effectively
- meet all programme delivery targets
- achieve procurement efficiencies
- ensure investment priorities meet the requirements of the Regional Housing Strategy, local authorities and other stakeholders
- follow the principles of good development, outlined in the Sustainable Communities Plan
- achieve customer satisfaction by promoting tenant involvement
- share skills, knowledge and best practice
Each Quantum Consortium lead member has a reputation as a market leader in its own specialist field:
- EMH as a leading low-cost home ownership providers in the east midlands
- Derwent Living as a provider of affordable homes, city living solutions and student accommodation
- Futures Housing Group as a new group which provides affordable homes and neighbourhood services across the midlands
A total allocation of almost £34m of government money, drawn down through the Housing Corporation, now known as the Homes and Communities Agency means that the Quantum Consortium is developing over 1,000 affordable homes at sites worth more than £114m in Leicestershire, Derbyshire, Northamptonshire, Nottinghamshire, Buckinghamshire, Staffordshire, South Yorkshire and Lincolnshire.
Quantum secured the funding as a preferred investment partner of the Homes and Communities Agency. The consortium’s allocation represents 20% of the entire allocation for the east midlands region.
Now Quantum is one of just 108 partnerships across the country, selected to deliver the Homes and Communities Agency’s affordable housing programme until 2011.