What is Dérive?
Founded in 2017, Dérive is Salford City Council’s wholly owned housing company, created to accelerate the delivery of genuinely affordable, well‑designed and low‑carbon homes. Its subsidiary Dérive RP achieved Registered Provider status in 2023, unlocking access to Homes England funding.
Community wealth building in practice
- Municipal ownership: Dérive keeps control of land, tenure and affordability within the city, ensuring long‑term community benefit.
- Local financial power: RP status enables grant funding for social rent, while mixed‑tenure schemes help cross‑subsidise deeper affordability.
- Progressive procurement: Delivery partners such as Seddon and Buttress keep spend local and embed high energy‑efficiency standards.
- Using public land productively: Under‑used council sites are repurposed for sustainable, affordable housing.
What has been achieved
- 356 homes delivered by Sept 2024, with ~1,000 in development.
- 113 homes completed in 2025, 40% at social rent.
- Portfolio now 500+ affordable homes, with 1,200 more in the pipeline.
Impact
- Increased supply of genuinely affordable and social rent homes.
- Lower bills for residents through low‑carbon design.
- Improved housing security, including specialist support for those leaving homelessness.