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What is ‘value for money’?

Learning about value for money

What does value for money mean?

By its simplest definition, 'value for money' is a way of measuring the cost of something against the quality or benefit of that thing.

It's something we all do in our day-to-day lives. For example, you might weigh up between two brands in the supermarket to decide which one will be the best balance of price and quality.

Selwood Housing uses our value for money strategy to plan out how best to balance our costs to provide the best quality service we can.

How did we involve customers?

Back in October we invited four customers to meet Mark Mayler, our finance director, to learn all about value for money and why it is important for Selwood Housing and for you, our customers.

It gave them a chance to understand some of the important decisions we must make when running our business as well as some of the challenges we face.

Why we ran this session

We ran this session and other previous learning events like our 'We are all Selwood Housing' course to equip our customers with better knowledge of how Selwood Housing works.

The more knowledgeable you are, the better equipped you are to help us shape and improve our services.

What was the outcome of this session?

We received some great feedback and as a result. In the future, we will look at how we can share how we are performing and how we compare to other housing providers.

Thank you to all of our customers who took part and made a difference.

I'd like to learn more!

If you'd like to learn more about value for money, you can read our full value for money strategy document

Get in touch

If you have any questions about the programme, or to find out about ways to get involved, contact our involvement team.

Email: makeadifference@selwoodhousing.com
Tel: 01225 715715

Can't find what you're looking for?

If you can't find what you're looking for please contact us at info@selwoodhousing.com

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23 hours ago
Selwood Housing

With over 20 teams covering a wide variety of responsibilities, there are many career pathways for you to explore at Selwood Housing. We'll be spotlighting a few of our team members this week as parNational Careers Week Week but you can find details of all the teams on our website here: ecs.page.link/7w#NCW2024W2024 ... See MoreSee Less

With over 20 teams covering a wide variety of responsibilities, there are many career pathways for you to explore at Selwood Housing. Well be spotlighting a few of our team members this week as part of National Careers Week but you can find details of all the teams on our website here: https://ecs.page.link/7wrbB 
#NCW2024
2 days ago
Selwood Housing

Wiltshire Council is inviting residents in the Studley Green area of Trowbridge to join them on the 6th March (6 - 8 pm) and 7th March (9.30 - 11.30 am) at Studley Green Primary School to share ideas on how a pot of funding could be used to benefit the community. Contact communityconversations@wiltshire.gov.uk for further information. ... See MoreSee Less

Wiltshire Council is inviting residents in the Studley Green area of Trowbridge to join them on the 6th March (6 - 8 pm) and 7th March (9.30 - 11.30 am) at Studley Green Primary School to share ideas on how a pot of funding could be used to benefit the community. Contact communityconversations@wiltshire.gov.uk for further information.
3 days ago
Selwood Housing

"I've lived in my Selwood property for the last 7 months and I've loved every minute. Choosing shared ownership has meant I can get back onto the property market and afford it. Because I own a percentage of my property, it means my future is secure. I'm impressed with the spec and the communication from the team was brilliant. They kept me in the loop the whole way through. " - Kathryn.

#NewHomesWeek
... See MoreSee Less

Ive lived in my Selwood property for the last 7 months and Ive loved every minute. Choosing shared ownership has meant I can get back onto the property market and afford it. Because I own a percentage of my property, it means my future is secure. Im impressed with the spec and the communication from the team was brilliant. They kept me in the loop the whole way through.  - Kathryn.

#NewHomesWeek
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