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Aster Group's Significant Local Economic Impact Through Jobs, Housing, and Community Services

Aster Group plays a vital role in the local economy, employing 1,200 individuals and offering training to over 20 apprentices. With a £32.5 million payroll and £20 million in take-home pay, the company's influence extends beyond employment. As a landlord of 15,000 social rent properties, Aster provides affordable housing, reducing the potential housing benefit bill by £12 million annually. Their development program adds 500 homes each year, supporting 750 jobs and delivering essential services that enhance resident incomes and alleviate local NHS pressures. Aster strives to drive local economic performance and support SMEs.

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Aster Group's Significant Local Economic Impact Through Jobs, Housing, and Community Services

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  1. Aster’s Local Economic Impact

  2. Economic Impact • Employer • Landlord • Developer • Provider of services • A business

  3. Employer • 1200 employees • Over 20 trainees and apprentices • Payroll of £32.5m • Take home pay £20m

  4. Landlord • Aster rents c15,000 properties on social rents • 50% on Housing Benefit average rent £40 below market level (30% full, 20% part) • If housing provided in private rented sector housing benefit bill at least £12m pa higher

  5. Developer • Development Programme • 500 homes per annum • Each home creates 1.5 jobs (HBF) • Aster Programme supports 750 jobs • Each home increases council tax and new homes bonus income for local authorities

  6. Services (1) • Benefit advice increased resident income by over £800k • £130k voluntary sector grants • Actively promote credit unions & re-use projects • Run one re-use project, opening second • Housemark social impact tool, currently only on ‘social’ activities

  7. Services (2) • Home care & extra care both been demonstrated to reduce hospital bed use’ reducing cost pressures on local NHS Trusts • Social Enterprise Development service to • develop new services, • assist existing • support customers set up local businesses

  8. Business • Tax contribution • Employers NI - £2.5m • Employees NI & PAYE - £5m • VAT and other £1m

  9. Procurement • Total annual value - £60m • No impact yet of 2012 Social Value Act (will be enacted in 2013) • Operate within 2006 regulations - consolidated and offered through EU procedure, Understanding that HCA meaning of VFM is low cost • Seek to support local SMEs in bidding skills, provision of policies etc • Over 200 local suppliers on approved lists

  10. Conclusions • We pay more tax to Government than they pay to us in subsidy • Provide and support significant number of jobs • Nervousness around procurement/VFM • Limited data to drive local economic performance • Desire to do more

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