aster’s local economic impact
DESCRIPTION
Aster’s Local Economic Impact. Economic Impact. Employer Landlord Developer Provider of services A business. Employer. 1200 employees Over 20 trainees and apprentices Payroll of £32.5m Take home pay £20m. Landlord. Aster rents c15,000 properties on social rents - PowerPoint PPT PresentationTRANSCRIPT
Aster’s Local Economic Impact
Economic Impact
• Employer
• Landlord
• Developer
• Provider of services
• A business
Employer
• 1200 employees
• Over 20 trainees and apprentices
• Payroll of £32.5m
• Take home pay £20m
Landlord
• Aster rents c15,000 properties on social rents
• 50% on Housing Benefit average rent £40 below market level (30% full, 20% part)
• If housing provided in private rented sector housing benefit bill at least £12m pa higher
Developer
• Development Programme• 500 homes per annum
– Each home creates 1.5 jobs (HBF)
• Aster Programme supports 750 jobs• Each home increases council tax and new
homes bonus income for local authorities
Services (1)
• Benefit advice increased resident income by over £800k
• £130k voluntary sector grants • Actively promote credit unions & re-use
projects• Run one re-use project, opening second• Housemark social impact tool, currently
only on ‘social’ activities
Services (2)
• Home care & extra care both been demonstrated to reduce hospital bed use’ reducing cost pressures on local NHS Trusts
• Social Enterprise Development service to– develop new services, – assist existing– support customers set up local businesses
Business
• Tax contribution– Employers NI - £2.5m– Employees NI & PAYE - £5m– VAT and other £1m
Procurement
• Total annual value - £60m• No impact yet of 2012 Social Value Act (will be enacted
in 2013)• Operate within 2006 regulations - consolidated and
offered through EU procedure, Understanding that HCA meaning of VFM is low cost
• Seek to support local SMEs in bidding skills, provision of policies etc
• Over 200 local suppliers on approved lists
Conclusions
• We pay more tax to Government than they pay to us in subsidy
• Provide and support significant number of jobs
• Nervousness around procurement/VFM• Limited data to drive local economic
performance• Desire to do more