Sanctuary’s strong financial position as one of the UK’s leading housing and care providers brings stability to Swan and safeguards Swan’s services to its residents and communities.

Swan will continue as a standalone operation while future integration plans are discussed.

Craig Moule, group chief executive of Sanctuary, said: “As one of the largest providers of social housing in the country, Sanctuary is financially strong, well-run and has the experienced team in place to help Swan manage its challenges.

“We are committed to securing the strength of the sector, ensuring affordable housing continues to be accessible in communities across the country.”

Now Swan is part of Sanctuary, Dave Soothill - previously Sanctuary’s Development Director in England - will assume responsibility for Swan as its managing director.

With Swan as a subsidiary, Sanctuary now manages 116,000 homes across England and Scotland.