NEW supported housing is being provided in Rugby following a £1.35million cash injection.
The P3 Charity (People Potential Possibilities) has been given the loan by Social and Sustainable Capital, which provides simple finance for charities and social enterprises.
The money will enable P3 Charity to acquire up to nine properties in Rugby, providing 20 bedspaces for supported housing for people experiencing homelessness and social exclusion.
The homes will provide safe, affordable accommodation alongside in-house and external support, helping individuals stabilise their circumstances and progress towards semi-independent living as part of P3’s homelessness prevention pathway in the area.
Clare Chrisp, chief financial officer at P3 Charity, said: “This investment builds on our long-standing relationship with SASC and allows us to continue expanding our housing provision in Rugby.
“By increasing the number of properties we own, we can provide safer, higher-quality homes and reduce reliance on the private rented sector. This gives us greater control over standards and stability and ensures the people we support have the best possible foundation to move towards independent living.
“Our focus is on supporting people to belong, grow and thrive. Secure housing is a critical part of that journey, enabling individuals to rebuild confidence, access opportunities and take positive steps towards a more independent future.”
Founded in 1972, P3 Charity delivers rough sleeping outreach, supported housing, homelessness prevention and mental health support services across the UK.
Its mission is to tackle social exclusion by creating opportunities for people to belong, grow and thrive, supporting individuals to build stability, access the right support, and move towards independent living.
