Case Study: Joint-working releasing under- utilised assets

Social Rent Housing playbook series

New to the playbook series? Start here with A playbook approach to accelerating housing delivery.

Under Bristol’s ‘One City’ approach, University Hospitals Bristol and Weston NHS Foundation Trust (UBHW) partnered with Bristol City Council (BCC) to provide 18 flats for use as Temporary Accommodation.

In recognition of the housing crisis, UBHW offered 24 flats to BCC to be used as TA. The flats are in 2 buildings earmarked for future development but were underoccupied. UBHW and BCC entered an initial 2-year lease with an openness to extension if the future development of the site is delayed. Key elements of the agreement are:

• BCC invested capital to bring the properties up to lettable standards. UBHW did not collect any rent until the capital investment costs had been recovered through rental income by BCC.

• BCC leased the properties on a full repairing lease, responsible for all repair and maintenance during the lease.

It is anticipated the project will deliver £480k of subsidy loss savings over the 2-year lease.

Download the Playbook here, or explore other blogs.

As you engage with the Playbook, we encourage you to reach out to the contributing organisations to inform your learning. No single organisation’s product, process or passion can fix the problem. Change will come through creativity, collective wisdom and the will to roll up our sleeves, get involved and work together to do things differently!