Social and Sustainable Capital (SASC) is pleased to announce an investment of £3.5 million from its Social and Sustainable Housing Fund II (SASH II) into Caring for Communities and People (CCP), a leading South West-based charity, to facilitate the expansion of their Independent Living Services for vulnerable young adults leaving the care system. This investment is SASC’s second partnership with CCP, following an initial Community Investment Fund (CIF) loan in 2020.
CCP provides vital support, accommodation and training and education to these vulnerable young individuals. The charity’s staff play a pivotal role as support workers offering crucial life skills, education, training, and support to aid the seamless transition of young individuals to independent living. With 253 units of supported housing across the Southwest, CCP is addressing the increasing demand for accommodation for young people leaving care.
This new loan will enable CCP to acquire and refurbish six properties, which will provide decent, safe, and stable housing and dedicated support for 18 vulnerable young people. The investment will also contribute to CCP’s long-term sustainability by establishing a property portfolio that guarantees tenancy security and high-quality accommodation.
Cordell Ray, Chief Executive of CCP, expressed, “Social investment has been transformational for CCP. It has not only reshaped our business model but also enabled us to expand our service into different regions and invest in high-quality homes, freeing us from dependence on private landlords. Nevertheless, the pressing need for safe, quality homes for young adults transitioning from the care system remains. By expanding our Independent Living Service, we aim to create a positive impact on the lives of those grappling with the care system, homelessness, and financial difficulties, helping them develop independence and prepare for adulthood.”
Mark Bickford, Chief Executive of SASC, commented, “CCP is a leading social care provider in the Southwest, creating meaningful change in the lives of children, young people, families, and vulnerable adults. Through this second investment, we are delighted to empower them to broaden their critical work, expanding the number of young adults who can experience the benefits of stable, secure, and supported accommodation while making their way out of the care system.”
For more information on SASC visit: www.socialandsustainable.com