RSLs’ financial forecasts show sector financial performance should remain robust but the outlook continues to be challenging, Regulator reports


14 December 2022

RSLs’ financial projections show aggregate financial performance should remain robust over the next five years. However, RSLs also continue to face a very challenging operating context. This is the main finding of a report published today by the Scottish Housing Regulator.

The report is an overview of the RSL sector’s financial plans as at May 2022 for the next five years.     

It shows that RSLs’ were forecasting continued surpluses, and annual growth of 5% on average. They also forecast significant investment in new and existing homes with plans to develop more than 30,000 new homes and invest £1.7 billion in existing homes over the next five years.

Shaun Keenan, Assistant Director of Financial Regulation said:

“RSLs continue to work in a complex and uncertain economic landscape. RSLs submitted their projections at a time when the economic outlook remained extremely uncertain and volatile and since then, the outlook has worsened considerably. This will have impacted RSLs’ business plans and is likely to have led to RSLs’ making significant changes to their financial projections since they submitted them to us.

“RSLs continue to face challenges and uncertainty in the national and global economy including significant cost increases, high energy costs, high and increasing interest rates and supply chain disruption and labour scarcity. All whilst continuing to work to deliver on net zero, build back from COVID, and providing new and existing, affordable homes and service for tenants and service users.

“We will continue to work closely with landlords, tenants and all of our stakeholders as we all work to tackle the financial challenges ahead”

Read the Summary of Registered Social Landlord Financial Projections 2022/23 - 2026/27

Notes to editors


  1. The Scottish Housing Regulator was established on 1 April 2011 under the Housing (Scotland) Act 2010. Its objective is to safeguard and promote the interests of tenants and others who use local authority and RSL housing services. The Regulator operates independently of Scottish Ministers and is accountable directly to the Scottish Parliament. It assumed its full regulatory responsibilities on 1 April 2012. The Regulator consists of the Chair and eight Board members. More information about the Regulator can be found on its website at
  2. SHR sets out how it regulates social landlords in its published framework – Regulation of Social Housing in Scotland.



Tracy Davren Communications Manager