IRRV Alert - week ending 8th April 2022 Part 1
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Value for Money metrics – Technical note guidance (5 April 2022)
Guidance
Value for Money metrics – Technical note guidance
This note includes the value for money metrics that providers must report on as part of their Annual Accounts reporting and also explains how to calculate the metrics.
- From:
- Regulator of Social Housing
- Published
- 27 September 2017
- Last updated
- 5 April 2022 — See all updates
Applies to England
Documents
Value for Money metrics: Technical note guidance – May 2022
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Value for Money metrics: Technical note guidance – May 2022 (accessible version)
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Details
The Value for Money Standard and accompanying Code of Practice requires providers to annually report on their performance against a suite of measures defined by the regulator along with their own Value for Money measures and targets, with which to measure economy, efficiency and effectiveness.
The Regulator defined these metrics in the publication Value for Money metrics – technical note feedback and responses. These seven metrics remain the most appropriate set of measures to capture performance across the sector in a fair and comparable way. This publication sets out the definition of each of the metrics and sets out how providers should calculate the VfM metrics using the line numbers from the 2021 FVA.
Small providers (those owning or managing fewer than 1,000 homes), should refer to Annex B which helpfully sets out how the metrics should be calculated by using designated lines included in their statutory accounts.
Providers should submit regulatory returns as soon as practicable. The latest submission date for the FVA is six months after a provider’s year end. For most of the sector this will be 30 September 2021.
The VfM report and metrics are published annually with the Global Accounts.
All reports and guidance relating to VFM can be found on the Value for money collections page.
Published 27 September 2017
Last updated 5 April 2022 + show all updates