Poverty and Inequality

25.05.17

Charity develops £4.5m fund to tackle homelessness

A social investment fund worth £4.5m has this week been launched by charity Homeless Link to tackle the issue in local areas.

The fund will support housing agencies and social enterprises across England to reduce homelessness and is one of very few sector-specific funds in existence.

Money will be given out over the next three years, and will offer organisations unsecured loans worth between £25,000 and £150,000.

Homeless Link has stated that the fund aims to test and learn where social investment is best and most efficiently used in partnership with other options for sector funding.

The scheme, which is funded by Access – The Foundation for Social Investment – is due to be launched at an event in London on Monday 19 June.

“This fund is an exciting initiative, and we hope that the investments will unlock innovative ways of working with people experiencing homelessness, and help to put the recipient organisations on a sustainable footing,” said Homeless Link's director of strategy and innovation, Mark McPherson.

“Importantly, the programme will also help feed in to the bigger picture of how different funding mechanisms can work for homelessness services.”

McPherson added that social investment was increasingly being explored and used in the non-profit sector, offering a balance of accountability for results, and flexibility around use and repayment.

“Homeless Link intends to lead the way in understanding the role of social investment in our sector so that we can continue to support our members’ development,” he said.

Seb Elsworth, chief executive of Access, aid: “Homeless Link’s fund is a great step forward in making social investment more accessible and relevant to charities and social enterprises seeking to tackle homelessness.”

Elsworth added that the fund was a great opportunity for a membership body in the sector to play an “innovative role in connecting their members to capital and helping them develop new operating models”.

“We look forward to working with more infrastructure bodies to help grow social investment in other parts of the charity and social enterprise sector too,” he concluded.

Top Image: Jonathan Brady PA Archive

Have you got a story to tell? Would you like to become a PSE columnist? If so, click here

Comments

There are no comments. Why not be the first?

Add your comment

 

related

public sector executive tv

more videos >

latest public sector news

Sheffield City Region announces major housing pilot

23/11/2017Sheffield City Region announces major housing pilot

Sheffield City Region (SCR) will begin to assess applications for new housing schemes as part of an £8m pilot project across the area. ... more >
London council to launch ‘ethical debt collection’ for residents

23/11/2017London council to launch ‘ethical debt collection’ for residents

Hammersmith and Fulham Council (H & F) have launched “ethical debt collections” service in a bid to reduce costs to residents. ... more >
Council told to reimburse Suffolk woman charged for care she never received

23/11/2017Council told to reimburse Suffolk woman charged for care she never received

Suffolk County Council has been hit by criticism from the Local Government and Social Care Ombudsman (LGO) after a woman was wrongly charged for ... more >

editor's comment

25/10/2017Take a moment to celebrate

Devolution, restructuring and widespread service reform: from a journalist’s perspective, it’s never been a more exciting time to report on the public sector. That’s why I could not be more thrilled to be taking over the reins at PSE at this key juncture. There could not be a feature that more perfectly encapsulates this... read more >

last word

The importance of openness after Grenfell

The importance of openness after Grenfell

Following the recent Grenfell Tower tragedy, Lord Porter, chairman of the LGA, argues that if the public are going to have faith in the safety testing process then everything must be out in the o... more > more last word articles >
Sheffield City Region announces major housing pilot

23/11/2017Sheffield City Region announces major housing pilot

Sheffield City Region (SCR) will begin to assess applications for new housing schemes as part of an £8m pilot project across the area. The Housing Fund closed applications last week af... more >
London council to launch ‘ethical debt collection’ for residents

23/11/2017London council to launch ‘ethical debt collection’ for residents

Hammersmith and Fulham Council (H & F) have launched “ethical debt collections” service in a bid to reduce costs to residents. The council are working with a private firm on ... more >

the raven's daily blog

City-centric, deeply disappointing and a nightmare – criticisms pile against the Budget

22/11/2017City-centric, deeply disappointing and a nightmare – criticisms pile against the Budget

It’s been a busy day in the PSE office. Philip Hammond’s Autumn Budget included a number of interesting announcements, ranging from new devolution deals and housing measures to changes to business rates. This year’s Statement was described well by Lord Bob Kerslake, who said it had been a “mixed bag” for hous... more >
read more blog posts from 'the raven' >

comment

Driving forward a healthier Scotland

10/11/2017Driving forward a healthier Scotland

Dundee City Council is leading the way in boosting electric vehicle (EV) uptake in Scotland, writes Rebecca Wallace from the local authority&rsqu... more >
A smarter approach to digital transformation

10/11/2017A smarter approach to digital transformation

Catherine Bright, Smarter Digital Services (SDS) manager, explains how a partnership of 12 councils across Kent and Surrey are jointly funding a ... more >
Delivering on estates

10/11/2017Delivering on estates

Sam Ulyatt, strategic category commercial director at the Crown Commercial Service (CCS), on how a new framework can help public sector organisat... more >
Open for business

10/11/2017Open for business

Clare Moore, senior specialist of valuation and disposals at the Homes and Communities Agency (HCA), explains how public sector bodies looking to... more >

interviews

‘The HSCN is the realisation of industry best practice’

30/06/2017‘The HSCN is the realisation of industry best practice’

Keith Smith, public sector business development manager at Virgin Media Business, tells PSE’s Luana Salles that health and social care orga... more >
HSCN: The enabler for a more joined-up public sector

26/06/2017HSCN: The enabler for a more joined-up public sector

Mark Hall, Chief Assurance Officer at Redcentric, discusses NHS Digital’s project, the new Health and Social Care Network (HSCN) and what b... more >
Maintaining the momentum for further devolution

25/04/2017Maintaining the momentum for further devolution

Ahead of this year’s mayoral elections, Lord Kerslake, the former head of the Civil Service, tells PSE’s David Stevenson why the argu... more >
New social care funding misses the point

13/04/2017New social care funding misses the point

Clive Betts MP, chair of the Communities and Local Government (CLG) Committee, reflects on the social care funding released in this year’s ... more >

public sector focus

View all News