Investing in homes
Communities across Scotland continue to be transformed - and lives changed for the better - thanks to the financial power of Wheatley and our subsidiaries.
In 2018/19, the Wheatley family spent £65 million modernising and maintaining homes in our neighbourhoods reflecting the needs and priorities of our local customers, staff and stakeholders.
This included fitting thousands of new kitchens, bathrooms, heating systems, roofs, doors and windows to make homes warmer, more environmentally-friendly and cheaper to run. On top of this, we continue to invest in neighbourhoods, upgrading communal areas such as foyers in multi-storey flats, backcourts, stairwells, green spaces and community gardens.
This large-scale investment in our communities is just the start for our homes and customers. By 2020, we will have invested £260 million in our homes in Scotland.
Glasgow has already witnessed one of Europe’s largest house modernisation programmes – with GHA at the heart of the transformation.
GHA's 10-year £1.2 billion investment programme saw around 80,000 former council homes modernised following the transfer of the city’s housing stock from Glasgow City Council in 2003.
The regeneration of Glasgow's housing stock brought additional benefits to the city. A study carried out by Herriot Watt and Napier universities in 2011 found that GHA’s investment programme had leveraged an additional £923 million into the economies of the city and Scotland, as well as creating or supporting 9,000 new jobs.
A report by the Fraser of Allander Institute in 2019 found GHA's investment and new-build programme had contributed £2 billion to the Scottish economy.
GHA remains a leading player in changing communities and homes in Glasgow for the better, being a a key partner in Transforming Communities: Glasgow, a formal strategic partnership with the Scottish Government and Glasgow City Council. The partnership is delivering major regeneration projects in eight areas in Glasgow identified as priorities.
Invested in our homes in 2018/19