The boards of Genesis and Thames Valley Housing mutually agreed that they would not be pursuing the merger due to differences in style and approach.

This news follows the collapse of a merger between three London housing associations earlier this month while another two housing providers cancelled a merger in July after concerns were raised.

Genesis and Thames Valley Housing stated that a positive spirit remained throughout the process, despite the outcome.

“It is obviously disappointing that we were not able to complete the merger, but we are now very much looking forward to delivering on our corporate strategy and looking at other possible opportunities in the near future,” said Neil Hadden, CEO of Genesis.

“We intend to leverage our capacity as a large, G15 housing association to get new homes onto the market across different tenures as quickly as we can.

“That is an important way of tackling the housing crisis – and we want to play our part in doing so.”

Geeta Nanda of Thames Valley Housing (TVH) added that both associations had common goals.

“The digital agenda and ensuring the delivery of first class customer service are really important for us both, and TVH will continue to push the envelope on this as we have been for the last few years.

“We have the capacity to continue to provide housing across all tenures and deliver new homes through this housing crisis as creatively as possible.

“Ultimately we feel we will be better able to serve our residents and communities as two separate entities.”

Last month, plans were accepted for a housing development in Old Oak Common Lane, submitted by Queens Park Rangers Football Club in partnership with Genesis.