Value for Money metrics – Technical note guidance
Providers must report on Value for Money metrics as part of their Annual Accounts reporting – this note explains how to calculate the metrics.
Applies to England
Documents
Details
The Value for Money Standard and accompanying Code of Practice requires providers to annually report on their performance against a suite of measures defined by the regulator along with their own VFM measures and targets, with which to measure economy, efficiency and effectiveness.
This publication sets out the definition of each of the metrics and sets out how providers should calculate the VFM metrics using the line numbers from the 2023 FVA. These seven metrics remain the most appropriate set of measures to capture performance across the sector in a fair and comparable way.
Providers should submit regulatory returns as soon as practicable. The latest submission date for the FVA is six months after a provider’s year end. For most of the sector this will be 30 September 2023. Small providers (those owning or managing fewer than 1,000 homes) should refer to Annex B which helpfully sets out how the metrics should be calculated by using designated lines included in their statutory accounts.
All reports and guidance relating to VFM can be found on the Value for money collections page. The VFM report and metrics are published annually with the Global Accounts.