Scottish Regulator ends statutory intervention at Wishaw and District

Transfer to Trust Housing sees the conclusion of the intervention.

regulation

The Scottish Housing Regulator (SHR) has confirmed an end to its statutory intervention in Wishaw and District Housing Association, following the transfer of its engagements to Trust Housing Association.

Wishaw and District was subject to a regulatory intervention in February 2017 after an independent review identified serious governance and financial management issues that posed a risk to tenants.

SHR appointed a statutory manager and five members to Wishaw and District’s governing body in order to protect the interests of tenants – 97% of whom voted for the transfer to Trust Housing.

Ian Brennan, director of regulation, said: “Wishaw and District’s tenants voted overwhelmingly in favour of the decision to transfer to Trust, and we have ended our intervention now that it is complete.

“During our intervention, Wishaw and District worked constructively with the statutory manager and appointees to address its governance and financial management issues and to deliver the transfer.

“We will monitor how Trust delivers its commitments to Wishaw and District’s former tenants.”

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