Phil Shanks
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Phil began his career as a social worker and team manager working with a number of different disability service teams around the North West of England.

In 1995 he launched Partners Foundation; a not-for-profit company with an average turnover of £4 million per annum and a privately invested portfolio of £35 million.

Launching Houses For Homes in 2011, Phil is now driving the launch of the UK's first social housing Real Estate Investment Trust (REIT). He is passionate about our responsibility as a nation to provide appropriate social housing and accommodation to people with extra care needs.

Blog Entries by Phil Shanks

Clock is Ticking While Government Denies Crisis

(0) Comments | Posted 7 May 2013 | (20:56)

We must all by now have become accustomed to grand announcements from the government about the importance of house building and the economic benefits that flow from this activity. Indeed, new loan assurances have now been issued to improve access to the housing market in a bid to ensure access...

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Rating Game: Local Authority Borrowing Powers

(0) Comments | Posted 12 March 2013 | (16:13)

In the post grant world of housing development that will commence next year, local authorities are being encouraged to use their access to cheap money on the back of the central government rating.

This is ok but there are certain dangers.

When small regional banks in Spain borrowed independently on...

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Redefining the Role of the Welfare State

(0) Comments | Posted 21 February 2013 | (15:32)

I am a child of the welfare state. It has been with me all of my life and I consider it is one of our society's greatest achievements. But my admiration ended when it became clear that it now stands as a guarantor to the exploitation of the working classes....

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The Dark Con of Clegg: The Harsh Reality of the Bedroom Tax

(2) Comments | Posted 13 February 2013 | (16:02)

Under the veil of alleviating hardship, our government is preparing to implement a tax that will hit the weakest in our society. Disabled people who need a bedroom for their carer will soon face a massive cut to their housing benefit. The con is that there is help at hand....

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Builders of Britain: Time for Some Good News

(0) Comments | Posted 15 January 2013 | (22:39)

It's January: traditionally the time for festive hangovers, bleak weather and - this time around - bleak economic forecasts. So what is the good news? I'll tell you...

It is no secret that banks have ceased lending. As a consequence construction sites lie empty while builder kick their heels waiting...

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Cap in Hand or Cap in Rents

(0) Comments | Posted 17 December 2012 | (14:48)

Since our government is so keen on capping things, I propose a cap that is fair, sustainable and one which could solve Britain's housing crisis.

Despite knowing some of what was to come, I listened with horror and disbelief as the Chancellor presented his Autumn statement to the nation. For...

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Dear Mr Prisk - You Are 'Reigniting the Right to Buy' What, Exactly?

(0) Comments | Posted 3 December 2012 | (11:50)

Today's news that the Conservative Party is seeking to resurrect Right to Buy (R2B) illustrates that party's inability to see beyond the type of myopic asset-stripping we've become used to.

With the likelihood of private investment in house building under the Conservatives' watch resembling anything...

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When the Bough Breaks...

(0) Comments | Posted 20 November 2012 | (14:08)

Some time ago I wrote a blog under the headline: "The baby on the parish steps". At the time of writing I knew that I would shortly be penning this piece.

In that article I highlighted my concerns that future funding for supported accommodation would be separated...

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Calculating the Social Premium

(0) Comments | Posted 15 October 2012 | (19:17)

Having spent the past few weeks presenting our financial model to the investment community, with yet more meetings to come, I have become well versed in explaining not only that the investment is well constructed and the risks properly managed, but that the return is commiserate with the size of...

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A Building Without an Occupant is Just a House, Not a Home

(0) Comments | Posted 8 October 2012 | (13:26)

Last week, my co-director Juliette Tarrant reminded me that it has been a year since we embarked on our mission to deliver the first social housing real estate investment trust (REIT) to provide new affordable social housing, extra care and supported accommodation.

It has been a...

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Paralysis of Analysis

(1) Comments | Posted 2 September 2012 | (09:44)

As we begin to implement our Real Estate Investment Trust which will bring private and institutional investment to the affordable and specialist housing market, my attention was drawn to a housing report, commissioned by the government from the chairman of the 3i investment group.

Sir Adrian Montague's report...

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Rules of Recovery: Investment Needs Clear Guidance

(0) Comments | Posted 26 July 2012 | (15:14)

Over the course of my time in business I have, from time to time, helped turn a failing business around. It is both an interesting and challenging process that demands commitment and dedication to devise and implement a recovery plan.

So when the Office for National Statistics released its...

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Public Outrage: The New Investment Risk

(0) Comments | Posted 3 July 2012 | (17:29)

Last week my co-director Juliette Tarrant and I met with members of London's finance community in preparation for the market launch of our social housing REIT. It was a mixed bag of people who were enthusiastic and positive about what we are aiming to achieve, and...

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Social Housing: The Baby on the Parish Steps

(0) Comments | Posted 25 June 2012 | (15:57)

Dickens wrote about the workhouse and of foundlings; children literally left on steps of the parish, their parents unable or unwilling to look after them. They were left to the care of the local authorities, the Poor Law and the workhouse. These were dark days for the poor, with any...

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Giving Social Services Control Over Specialist Supported Accommodation Budgets

(0) Comments | Posted 15 June 2012 | (13:16)

My colleague Juliette Tarrant just won't take no for an answer. We have been waiting for some time for the outcome of the housing benefit review for supported housing. When we asked the DWP for a date when this would be published we were informed that there was...

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Where People Come First

(0) Comments | Posted 15 June 2012 | (10:22)

The Department of Health guidance on fair access to care services is titled "prioritizing need in the context of putting people first". Ironically my colleagues at the disabled self-advocacy charity York People First viewed the subsequent consultation issued by their Local Council as about money and not people....

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Housing: A Place to Live or a Personal Investment Plan?

(8) Comments | Posted 14 June 2012 | (00:00)

Today I'll get straight to the point. The British public needs to fall out of love with housing as an investment and start looking at their homes as being a place to live. Pretty strange thing for someone launching one of the first social and special needs housing Real Estate...

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Bricks and Mortar: Delivering Sustainable Social Housing Investments

(0) Comments | Posted 12 May 2012 | (10:00)

In the early 1990s social and healthcare was 'revolutionised' following the publication of the Griffiths Report. In its wake, legislation introduced the complexities of market place into health and social care operations - extending activities into the internal workings of Health and Local Authority. It introduced the purchaser...

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Don't Look Back: Financial Post Mortem Is Done, Now Let's Move On

(3) Comments | Posted 23 April 2012 | (00:00)

As our economy and society bump along just about avoiding the feared "double dip" amidst the spectre of societal meltdown we celebrate growth figures of 0.3% and trumpet new ideas with little evidence of actual progress against the constant backdrop of reminders about our current financial predicament.

We are...

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On Equal Footing: Why Making Big Society Work is No Small Challenge

(0) Comments | Posted 10 April 2012 | (07:52)

Last week I found myself speaking out against the government's Big Society Capital launch. Not because I wish to stand in the way of new funding mechanisms but because I know from experience what it takes to make a charity a viable, investable prospect.

Since the turn...

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