William Eichler 22 September 2020

Study promotes ‘systemic change’ within the private rented sector

Study promotes ‘systemic change’ within the private rented sector image

A new study outlining measures that can be adopted to make the private rented sector (PRS) more secure for people from a diverse range of backgrounds has been launched.

Reimagining Rent, published as the evictions ban comes to an end, is a report on the results of a joint The Young Foundation and Nationwide Foundation programme aimed at supporting innovative measures to improve the PRS.

The programme worked with 19 ventures who sought to improve outcomes for those who rent. Through a course of workshops, consultancy and expert mentoring, the project supported the ventures to develop their business models, access new customers and raise over £1m in investment to reach people renting privately at a greater scale.

Each venture focused on one of five challenges identified: promoting tenancy sustainability, supporting transitions to independence, using technology to improve the market, growing affordable and appropriate housing stock, and improving access to existing stock.

They identified seven key tenant groups who were not being adequately served by the PRS: workers in lower paid jobs; young people on low income; formerly homeless; clients with complex personal or mental health needs; people with physical disabilities; older people; and those at high risk of homelessness.

Reimagining Rent came up with a series of recommendations for innovators, policymakers and local authorities:

1. Better impact measurement for innovators
2. Investment into new programmes which support multi-sector innovation, recognising the interdependence of housing and employment
3. Available avenues for testing early-stage innovation, creating public sector 'innovation mutuals’
4. Market engagement to reveal how to drive adoption of tech-for-good solutions
5. Patient capital as high-impact ventures are time-intensive
6. More mission-aligned, early-stage finance
7. Work to understand the viability of impact-motivated developers
8. Direct involvement of housing innovators - and their beneficiaries - in government policymaking

‘It is clear that no one policy, regulation or initiative or enterprise will shift some of the entrenched challenges facing housing in this country,’ said Helen Goulden, CEO at The Young Foundation.

‘It requires not only a supply of new ideas and ventures but innovative ways to implement regulation, new intermediaries, new policies and a commitment to socially responsible renting by landlords of all kinds.

‘This report broaches a range of innovative ideas to support anyone working towards innovation and systemic change within the private rental sector.’

For your free daily news bulletin
Highways jobs

Interim Head of Service - Adult Operations

Tile Hill
£600 - £700 per day
Two Interim Heads of Service are required by our local authority client to lead adult operations across two localities. South
Recuriter: Tile Hill

Operations Manager (Traffic & Compliance)

Barnet London Borough Council
We’re looking for the right person for this role, so we don’t mind where you’re located, as long as... Barnet (City/Town), London (Greater)
Recuriter: Barnet London Borough Council

Operations Manager (Traffic & Travel)

Barnet London Borough Council
You’ll be responsible for developing strategies and delivering projects and programmes as part of the service senior management team - including... Barnet (City/Town), London (Greater)
Recuriter: Barnet London Borough Council

Operations Manager (Development Control)

Barnet London Borough Council
You’ll be responsible for the overall delivery of all highways and development control management in this varied role. Barnet (City/Town), London (Greater)
Recuriter: Barnet London Borough Council

Operations Manager (Assets)

Barnet London Borough Council
It’s an exciting role where we’ll look to you to ensure highways projects are delivered against continuous improvement and... Barnet (City/Town), London (Greater)
Recuriter: Barnet London Borough Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue