Value for Money
Value for Money (VfM) is central to delivering the Vectis mission statement, Business Strategy, strategic and operational objectives, and values for our residents and service users. One of our key strategic objectives is to: work towards improving our overall service to tenants by continuing to engage with them as part of an ongoing structured implementation of value for money principles.
The Regulatory Framework for housing associations includes a specific Value for Money standard that requires registered landlords to; manage resources economically, efficiently and effectively in our provision of housing and services, for Boards to maintain a robust assessment of VfM performance and to articulate how they will deliver VfM. Our VfM Statement is published in compliance with that standard.
You can also read the full text of our VfM Review 2022 here