HOUSING association VIVID has been given a G1/V1 rating from the Regulator for Social Housing following its first in-depth assessment (IDA).

This is the highest regulatory rating a housing association can achieve with a G1 for governance and V1 for financial viability.

Mark Perry, chief executive of VIVID, which has a base in Kingsclere Road, Basingstoke, said: “We’re delighted with the result.

“It demonstrates we’re in great shape to take on forthcoming opportunities and challenges for the benefit of our customers.

“It also reflects the calibre of our people and business to deliver our ambitious plans, and endorses all the reasons we had for merging.

“The 40 per cent increase in our house building programme, reducing our operating costs by £11m and the funding we’ve attracted, including our Homes England strategic partnership, have all helped us achieve this.”