South Somerset Homes sets up subsidiary company
to deliver development strategy
18 January 2005

South Somerset Homes has set up a new subsidiary company, Yarlington Homes, as the procurement vehicle to deliver their 10-year development strategy to provide 2,500 new affordable homes.

Yarlington Homes will facilitate its tax efficient procurement by providing design and build services to the parent, South Somerset Homes. It will also act for the parent within Advantage South West, a limited liability partnership with three other housing associations (Devon and Cornwall, Ocean Housing and North Devon Homes) to increase and accelerate the proportion of the programme that is delivered using modern methods of construction.

"Both Yarlington Homes and Advantage South West strengthens South Somerset Homes' ability to influence the supply chain which in turns improves the reliability and deliverability of our programme." said Geoff Atkinson, Chief Executive at South Somerset Homes.

The new homes will be provided with the full range of affordable tenures, which will create sustainable and inclusive communities for the long run.