Intervention: Gloucester, Bath, Swindon
Fund: Community Investment Fund
Date of Investment: January 2020
Impact Area: Housing and local facilities
Beneficiary Group: Vulnerable young people (including Care Leavers and NEETs)
Founded in 1989, Caring for Communities and People (CCP) is a charity that provides support and accommodation for vulnerable young people
and those leaving care.
CCP is one of Gloucestershire’s leading social care providers in the voluntary sector. After growing its services, CCP now offers 69 units of supported housing across the South West, mostly in rented properties. The demand for supported accommodation for young people leaving care continues to grow.
The loan allows CCP to purchase 16 two-bedroom properties for CCP’s supported accommodation services
Transition to independent living
Vulnerable young people (aged 16 – 18)
More than 30 young people to be safely housed and supported by CCP
The loan provides CCP greater control of its plans to provide stable, decent housing and dedicated support for vulnerable young people
CCP is able to continue its core work with the added stability and flexibility that property ownership provides
The investment opportunity through SASC is exactly what CCP were looking for. With a growing portfolio of rented properties, we felt the time had come to consider ownership, in so doing offering us more control and flexibility in how we use the stock. The SASC deal enables us to achieve this on behalf of the young people we serve.
Cordell Ray, CEO
The loan enables CCP to continue to expand their Independent Living Service (ILS) offering across three local authorities where CCP is already present (Gloucestershire, South Gloucestershire and Bristol). The loan will allow the purchase and minor refurbishment of 6 properties with a minimum of 18 bedspaces for vulnerable young people.
Providing positive outcomes for individuals and families affected by the care system, homelessness and financial difficulties.
Vulnerable young people (aged 16-18) – often those preparing to leave local authority care.
18 young people to be safely housed and supported by CCP across 6 properties.
The loan provides CCP with greater control of its plans to provide stable, decent housing and dedicated support for vulnerable young people. This enables CCP to become more sustainable and securing a property portfolio that provides certainty of tenancy and quality accommodation.
The management team is experienced and the project well-planned.
