The government’s housing agency has appointed a financier as its new chief executive in a sign that its home building programmes will increasingly rely on private sector cash.
Former Treasury official Andy Rose will join the Homes and Communities Agency in April from AgFe, a European specialist where he works as a debt advisor. The two previous post holders had long track records in the public sector.
HCA chair Robert Napier told LGC that Mr Rose’s finance background would be key to the success of the agency. “[His background] tells you a great deal,” he said. “It is both a message and a reality. ‘We are in a different world from the past when we had lots of money.
“[In Mr Rose] we have got someone who will take us faster on the track we are on already, towards a more commercial approach.”
The new appointee’s experience should help the agency negotiate better deals with the private sector, Mr Napier says. “He has a very good understanding of where you can attract private sector investment and on what terms so we don’t get rolled over by the private sector.”
He will also be expected to work closely with the “big eight” core cities which are part of the first of the Treasury’s city deal scheme, Mr Napier added.
‘He very clearly understands that there is going to be limited public funding going forward and beyond. He sees there is a huge need for private and social housing and that there is a key role for the HCA in both areas, working with local authorities and LEPs.’
Mr Rose’s previous experience as chief executive of Treasury agency Infrastructure UK, would stand the agency in good stead in its attempts to secure official agreement for its plans, he added.
“He will be on the same wavelength as his ex-colleagues in the Treasury, ensuring the HCA and the DCLG and the Treasury can move things forward quickly.”
“With a Government with two years and two months left to go, we will all be under pressure.”
Before working at the Treasury, Mr Rose was an executive board member of Partnerships UK, an organisation owned by the public and private sectors which offered advice on how to deliver major infrastructure projects.