The Group is continuing to work towards meeting the national housing shortage by delivering its target of 10,000 new homes by 2030. This is being achieved through buying land, regeneration of existing housing stock, recycling our own assets or in partnerships with others. These partnerships include joint ventures with local authorities, landlords or other housebuilders and Section 106 elements of major housing schemes.
All development contracts have to meet a certain criteria and benchmarks; they go through an in-depth approval process and are managed through internal technical teams calling on external expertise and resources. We have a strong pipeline of homes under development, providing the group with certainty of delivery over the coming years. We have a relatively low exposure to market sale and our sales as a percentage of turnover is well within our golden rule limits of 40%.
Below is an overview of our on-site development schemes at the reporting date: