Chief Executive's blog
A blog written by our Chief Executive, David Montague. Each month David reflects on events at L&Q and in the housing sector, and offers his opinions on current and future events.
About David Montague
David Montague has been chief executive of L&Q since February 2008. He has been with L&Q since 1989 and served as Group Director of Finance before his current appointment.
David is a Fellow of the Association of Chartered Certified Accountants and writes and lectures on social housing and business planning issues.
After months of lobbying and speculation, today the Chancellor stood.
Fifty years ago a BBC film changed housing history. Watched by 12 million people the story of Cathy and Reg becoming homeless and losing their children caused a flood of calls, a debate in Parliament, massive support for Shelter, the creation of Crisis and a new generation of housing associations.
Like every other developing housing association Hyde, East Thames and L&Q turned their gaze inward as we examined cash balances, undrawn loan facilities, development commitments and sales exposure.
Our news this week that East Thames, Hyde and L&Q plan to merge has created quite a stir. Most of it positive – the 100,000 new homes over ten years, the £250m investment into our Community Foundations, and truly innovative plans for our own Academy for residents and staff, have all inspired.
Last Friday I spent the morning with Gertrude, L&Q Caretaker at the first phase of our 2,400 home South Acton regeneration project in Ealing – a partnership between Ealing Council, Countryside and L&Q.