Impact of Social Housing on Local Economy
- 12 Feb
Stockport Homes' £30m of expenditure has had a £45m impact on the local economy, a study has revealed.
They fund jobs and projects in the wider community of Stockport, which give a large return on a relatively small investment.
Via 24 Dash
The study into the economic impact of social housing providers in the North, which was commissioned by the Northern Housing Consortium and conducted by Sheffield Hallam University, also found that although the HA only employs 450 staff directly, it supports 743 jobs when its supply chain is taken into account.Stockport Homes earns over £700,000 each year from collecting water charges on behalf of United Utilities.
This funds 13.5 jobs and allows investment in a range of projects to help tenants and the wider community of Stockport including:
• Rent Deposit Scheme, which helped 90 households who were homeless to move into private rented accommodation last year, reducing their reliance on scarce social housing.
• Offender Service, which helped 102 ex-prisoners into accommodation, reducing their risk of re-offending on release by up to 20 percent.
• Employment and Volunteering Service, which helped 24 people into education or training and 19 into employment last year. In addition, 64 people provided over 1,000 hours of volunteering that helped them improve their chances of getting employment.
• Mortgage Repossession Advice, which helped 170 households with advice and prevented 51 from being made homeless after getting into difficulties with their mortgage payments last year.The study found that these projects had a large return on the relatively small investment Stockport Homes made in them.
It was discovered that the cumulative impact of benefit and money advice given to people last year was £4.3 million in gained benefits and reduced debts.
The study also revealed that funding advice given to community groups brought in £350,000 of grant funding, attracting a further £750,000 of match funding into Stockport's neighbourhoods, and preventing mortgage repossessions resulted in a saving for the exchequer of an estimated £800,000.
The HA manages 11,500 in the Stockport area.
Related articles
- 19 Aug
New supported housing facility to be built in Middlesbrough
The site has been developed by Riverside to provide supported housing, comprising of 20 self-contained flats for social housing and training facilities to support people into employment, reports the...
- 17 Aug
Supported living accommodation plans submitted in Leamington Spa
HB Villages Developments Ltd have made the application which will include a two-storey residential building of 16 self-contained one bedroom supported living apartments, reports The Leamington...
- 14 Aug
Young people in Sheffield given help to live independently
The course is run by Guinness Care and Support at the Sheffield Foyer, which is a 60-room scheme that provides accommodation for young people aged between 16-25 such as care leavers and young...
- 14 Aug
A new supported living scheme has opened in Paignton
Bridgman House has been opened to provide care for up to eight young people in transition from the family home, education or residential care, reports The Torquay Herald.The property is in the town...
- 13 Aug
Homelessness charity opens furniture shop in Nailsworth
Emmaus Gloucestershire has opened a shop in Nailsworth that sells upcycled furniture, allowing customers to have the opportunity to bring old furniture in to be restored or adapted to particular...
- 05 Aug
Restaurant in London helps to tackle youth homelessness
Alone in London, a charity that provides support, training and mediation for young homeless people and young people at risk of homelessness has joined forces with The Breakfast Club to create a...
- 04 Aug
Housing group’s supported housing contract extended
Progress Housing Group provide supported housing and support services for women and children fleeing domestic violence and young people facing homelessness, reports 24dash.Progress Housing manage a...
- 30 Jun
Empty homes fund launched by Scottish Government
The fund is to be used to revamp empty homes and convert derelict commercial spaces into affordable housing, reports Inside Housing. Under the scheme housing associations will be able to apply for...
- 22 Jun
People with vulnerabilities to receive support from new care scheme
People with vulnerabilities and people who are socially isolated in Reading are set to benefit from a new scheme run by GPs and Age UK, reports Get Reading. North West Reading NHS Clinical...
- 18 Jun
New initiative sees young people create food parcels for the homeless
The group of eight young people from Charles England House, a specialist young people’s housing scheme run by Merlin, put together 50 food parcels, reports 24dash.This new project is part of a new...
What are the Future Funding Arrangements for Supported and Sheltered Housing? "Another informative session provided by Support Solutions, excellent session" P.R. - Wrekin Housing Trust
