Redrow makes significant contribution to the economy and communities across the UK
Sustainability and creating places where people want to live is firmly entrenched in Redrow’s DNA. We take a long-term approach to developing new communities by valuing people and building responsibly. This starts at the very beginning with choosing the right land in the right place, and goes all the way through to managing the legacy of the homes we built and the developments we created.
To highlight this, we have produced a robust, reliable and transparent annual report of our socio-economic footprint. This is the second year we have done so and the figures show that in 2016/2017 Redrow has invested £1.1bn in creating communities.
Below are some of the highlights from our work this year:
We pay particular attention to the impact our developments will have on the local area and the wider environment during construction, and place a focus on the efficient use of materials, water and energy in our activities.
This year 99% of our timber was responsibly sourced, as we continue to promote responsible forest management, and our efforts were recognised by the WWF with the prestigious ‘Three Trees’ award. We have also diverted 95% of our construction waste from landfill, and sourced 92% of materials and subcontractors locally, so that we add value to the local economies of the communities that we build in.
As well as minimising our environmental impact by building responsibly, we also contribute socially as well. As a housebuilder we have a duty to do our part to help solve the housing crisis, and assist people onto the property ladder who wouldn’t otherwise be able to this without help. To that end, out of the 5,415 homes we built last year, 1,014 were affordable homes, and 1,882 were purchased through the Governments Help to Buy scheme.
We have also set ourselves an ambitious goal to work towards achieving a biodiversity net gain on each of our developments, and so far we have created Biodiversity Action Plans on 60% of sites.
These plans ensure that schemes fit sensitively with the local area with a wealth of diverse nature habitats. We have also introduced initiatives such as ‘hedgehog highways’, along with plans to boost the UK’s bumblebee population, to make sure we conserve the wildlife that inhabits the land we build on.
We have developed 114 hectares of public space on our developments, and ensured that 95% of our homes are within 500 metres of a public transport link, investing £163m in facilities and infrastructure over the year.
All this ensures a place that fosters a sense of wellbeing among the people living there – and the broader community too, to bring people together and foster a real sense of pride in place.
In 2017 13,200 direct, indirect and induced jobs were created by Redrow. This equates to three jobs per every home we build.
We also worked to inspire the next generation to build. We ran 6,800 training days for our own people in the last year, and 900 young people attended our employability master classes. This year we also welcomed another record intake of new trainees who will have the best possible start to their careers. These efforts have led to a 95% employee satisfaction rating from our staff.
Looking forward to 2018
By measuring the social, environmental and economic impact of our developments, we can use the data and information to make informed judgements that support the delivery of net positive solutions. We can then challenge the misconception that volume housebuilders are only in the business to churn out homes rather than building sustainable communities. We look ahead to 2018 in the belief that next year we see us doing even more to deliver new quality homes in places people want to live.
Redrow was established in 1974. Today, it is one of the most successful and acclaimed property developers in the UK, building around 5,000 premium quality family homes a year in prime locations across England and Wales. Over Redrow’s history spanning more than 40 years, it has earned a unique reputation for quality and building beautiful homes, which people love to live in. To help achieve this it also focusses on two other key areas: valuing people and creating outstanding locations. Implementing its strategy whilst engaging with colleagues and stakeholders helps Redrow deliver significant value to investors and the wider community. Redrow is listed on the London Stock Exchange and is a constituent of the FTSE 250 index. For the year ended 30th June 2016, the Group reported record revenues of £1.38 billion. Redrow has been awarded the ‘Best Large Housebuilder’ title twice in the last three years at the What House? Awards. This year, Redrow was named as a UK Top 100 Apprenticeship Employer for the fourth consecutive year. Visit redrow.co.uk for more details.