Sarah Vizard- 23 October 2024
Have you ever wondered what the differences are between running for-profit and not-for-profit organisations?
In the latest episode of the Business Leader Podcast, we speak to not one but four chief executives of the UK's biggest housing associations. They are Patrick Franco at Notting Hill Genesis, Andy Hulme of Hyde, Sarah Jones of Anchor and Greg Reed of Places for People.
The reason we are speaking to these organisations is, first, because they are really big – they employ tens of thousands of people, while hundreds of thousands of people are living in their properties. The four organisations generate more than £2.5bn in annual revenue between them (Places for People is the biggest with revenues of £832m in its latest financial year).
Second, these are misunderstood organisations at the heart of a high-profile sector. The housing associations are not-for-profit, but the cash and surplus they generate is still the heart of the organisation – that money is just reinvested back into operations.
They will help you understand housing associations, explain why they left jobs in big business to lead not-for-profit organisations and how to tackle the housing crisis in the UK.
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