Value for Money Standard and Code of Practice
This page includes the Value for Money Standard that registered providers of social housing must comply with and the supporting Code of Practice.
Applies to England
Documents
Details
The Value for Money Standard is one of three economic standards that the Regulator of Social Housing expects registered providers to comply with. It looks at whether a provider is making the best use of the resources that it has to meet it objectives.
The supporting Code of Practice is designed to help registered providers of social housing understand what the Regulator is looking for when seeking assurance on compliance with the Value for Money Standard. The Code clarifies the Standard by explaining and elaborating on the content. In considering whether the Standard has been met, the regulator will have regard to the Code. It is therefore important that registered providers are familiar with its content. However, it is the Standard rather than the Code that the regulator will enforce against.
All the reports and guidance relating to VfM can be found on the Value for money collections page.
You can view all 3 economic standards and the 4 consumer standards on the regulatory standards page.
Last updated 3 June 2021 + show all updates
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Further to our earlier statement on 8 April 2020 regarding value for money reporting in the 2020 statutory accounts year, in May 2021 we published the VfM Annex to the 2020 Global Accounts which confirms that registered providers must ensure that VfM reporting undertaken in the accounts meets all the reporting requirements of the VfM Standard.
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First published.