Evolve is an important part of the Riverside family and makes significant contributions to the business each year. Working closely with our Asset teams, Evolve handles the repairs, planned maintenance and gas servicing for over 75% of our housing stock across the country.
And it contributes much more to the Group than that. As a commercial organisation, its annual profits and VAT savings are invested back into Riverside. Last year, the figure was £7m – that’s £7m more to build new homes and provide services for people who really need them.
Since joining the Group in 2012, Evolve has grown in size and increased its annual turnover ten-fold. It employs 427 people and is a key part of our supply chain, making sure we get the right materials at the fairest prices.
Evolve also makes a big social contribution to Riverside. Since 2012, it has recruited around 50 apprentices and provided work experience for young people in a variety of trades through the Student Rescue scheme.