Chief Executive's statement

In the past year we have continued our commitment to being a responsible housebuilder, operating our business in an ethical and sustainable manner while at the same time delivering high quality homes to address the housing shortage across the UK.

This has been another record year for the company with the number of new Bellway homes sold increasing by 6.9% to 10,307, the first time in our history that we have exceeded the 10,000 homes barrier.

To achieve this growth our direct employee numbers have grown by 10.4% and when we include indirect and induced employment across our sub-contractors and suppliers, we estimate that between 27,000 and 32,000 jobs were supported as a result of our operations.

I would like to extend my thanks to all these individuals who have helped make the past 12 months so successful. Their hard work, dedication and skill has seen Bellway recognised in a number of ways:

We retained 5 star homebuilder status from the Home Builder Federation, one of only 2 mainstream national housebuilders to achieve this accolade, demonstrating our commitment to customer service.

For the second year running, 49 of our site managers were recognised in the NHBC Pride in the Job Awards.

Our partnership with Cancer Research UK was recognised at the Business Charity Awards, winning the Charity Partnership Award (Construction & Property).

We again set ourselves a range of targets to further embed CR into our business, with some notable successes:

Increased the percentage of construction compounds fitted with energy saving devices to 100% (2017 – 94%), achieving our target 2 years early.

Continued to focus on waste recycling, improving our waste diversion rate to 98.1% (2017 – 97.8%).

Increased the number of apprentices and graduates within the business by 54% to 142 (2017 – 92).

For the second year in a row, improved our RIDDOR seven-day reportable incident rate to 404.02 incidents per 100,000 site operatives (2017 – 426.36).

Increased our fundraising and donation total for Cancer Research UK to £780,366.

We remain committed to improving our CR credentials, listening to and meeting the needs of various stakeholder groups and improving the sustainability of our homes. If you have any comments about our approach to CR we would welcome your feedback.

Jason Honeyman

Chief Executive