Settle and Paradigm agree to merge

Paradigm Homes Charitable Housing

1 August 2025

Settle and Paradigm agree to merge to create new housing association

Paradigm Homes Charitable Housing Association Limited (the Issuer)

£300,000,000 5.25 per cent. Secured Sustainability Bonds due 2044; and

£350,000,000 2.25 per cent. Secured Bonds due 2051

(the Bonds)

Settle Group and Paradigm Housing Group have agreed to merge to form a new organisation operating primarily across Buckinghamshire, Hertfordshire and Bedfordshire.

The new organisation, initially known as SettleParadigm, will become the largest housing association operating in the region. The target completion date for the legal merger is 27 October 2025.

Both Boards decided to proceed with the merger after considering a detailed business case, information gathered through due diligence, and feedback from a six-week consultation with residents of both organisations.

This decision is a key milestone in the journey towards the merger, which was initially announced in March. A shadow Board and Executive team has already been appointed to lead the new organisation.

Paradigm also announced in March that it was in discussions about buying 3,500 homes in South Buckinghamshire from L&Q and these negotiations are at an advanced stage. It is hoped that arrangements can be formalised over the next few weeks, and then Paradigm will support L&Q in its consultation with residents.

Paradigm Housing Group is a housing association with almost 17,000 homes mainly in Buckinghamshire, Bedfordshire and Hertfordshire. Settle Group has over 10,000 homes across Hertfordshire, Bedfordshire, Buckinghamshire and South Cambridgeshire.

More than 2,600 Settle and Paradigm residents responded to the formal consultation on the merger proposals, with around 80% of residents feeling either positive or neutral about the proposals.

The new organisation will focus on improving services for existing residents, delivering more affordable homes and investing in local communities.

Richard Moriarty, Designate Chair, said: "I'm excited about the potential of the new organisation and its ability to deliver for all our residents. The feedback we received through the resident consultation was immensely valuable and will help the combined organisation to lead the way when it comes to customer service and property management. The new organisation will also help us deliver more affordable homes in the communities we serve."

Matthew Bailes, Designate Chief Executive, said: "Everything we do is about providing high quality homes, great services to our residents, neighbourhoods we are proud of and building as many new high quality affordable homes as we can. The partnership between Settle and Paradigm, and the potential addition of 3,500 homes in our core area, means that the new organisation will be large enough to take on the most difficult challenges, whilst remaining genuinely local. We have an exciting future, building from the best in both organisations."

Rod Cahill, interim Chief Executive at Settle said: "I am delighted that our Board has agreed to move forward with the merger between Settle and Paradigm. I believe it will be good for Settle and Paradigm residents, for the people working at both organisations and for all our partners. Reaching this stage has involved a considerable amount of work by colleagues at both organisations and I'd like to thank all those involved. Everyone has shown real commitment to making this work, which bodes well for the partnership to go from strength to strength."

Notes to Editors

About Paradigm

Paradigm Housing Group was formed following a large-scale voluntary transfer of homes from Chiltern District Council to Chiltern Hundreds Housing Association in 1988. It is now one of the leading providers of affordable housing in the South East, managing nearly 17,000 homes. Our vision is to provide excellent services to customers and build new homes to help more people. We make sure our homes are safe and sustainable and strive to do more, by making the most of our resources. 

We have grown over the last 35 years to become one of the largest social housing providers in the counties of Buckinghamshire, Hertfordshire and Bedfordshire. 

About Settle 

As a proud provider of social housing, Settle provides services to more than 24,000 residents in over 10,000 homes across Hertfordshire, Bedfordshire, Buckinghamshire and South Cambridgeshire. We are driven by our purpose to give residents a firm foundation on which to build their lives and our 2030 vision to provide a safe, comfortable and affordable home for every household.​ ​ 

Our 2030 plan outlines our priorities of being relentlessly resident focused, providing safe and warm homes, meeting housing need and being a responsible social business.

For further information, please contact:

Nicola Ewen

Paradigm Homes Charitable Housing Limited

1 Glory Park Avenue

Wooburn Green

Bucks

HP10 0DF

Email: [email protected]

Leke Adebiyi

Paradigm Homes Charitable Housing Limited

1 Glory Park Avenue

Wooburn Green

Bucks

HP10 0DF

Email: [email protected]