This note proposes metrics for providers to report on to measure economy, efficiency and effectiveness on a comparable basis across the sector.
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Alongside the proposed changes to the Value for Money Standard the regulator is proposing to introduce a limited number of metrics intended to improve the consistency and transparency of reporting and permit comparison across the sector.
The Value for Money metrics suite, drawn from the pilot being undertaken by the Sector Scorecard Working Group, would provide a separate new tool for registered providers to demonstrate that they are making best use of their assets and resources to stakeholders, including tenants and the regulator. These metrics will not form part of the VfM Standard itself. This technical note sets out the details of the range of metrics that the regulator could use, including the calculation of each measure, and the source of the data.
Please note these metrics are not subject to statutory consultation; however we would welcome views from individuals and organisations.
To give your feedback on the Value for Money Metrics – Technical Note, please email email@example.com by 22 November 2017.
The regulator is also carrying out a separate consultation on the VfM Standard, which will remain open until 20 December 2017.
The regulator has also issued a press release.