skip to Main Content

Housing association to develop 42 homes after securing £ 2million loan

Housing charity BCHA has stepped up its ambition to tackle homelessness in the South West with the development of 42 properties following a £ 2million funding from Lloyds Bank.

The project is expected to be completed by March 31 and will help hundreds of vulnerable people in the region find affordable and safe housing.

For over 50 years, BCHA headquartered in Bournemouth has supported thousands of people with housing needs in the South and South West by helping them lead independent lives.

The Lloyds Bank loan will be used to help finance the development and acquisition of 42 properties in the area, in addition to grants already secured through the government’s Next Steps hosting program.



George Hostel from BCHA in Stonehouse, Plymouth

The plight of the homeless was highlighted across the region during the coronavirus pandemic, with the need to provide accommodation to over 200 people in the Bournemouth, Christchurch and Poole area who were ‘hidden homeless’ – surfing on a couch or living in precarious housing – in addition to the hundreds of people who are already sleeping rough.

Martin Lucas, chief financial officer at BCHA, believes that empowering people is key to tackling homelessness in society. He said: “The recent pandemic has sparked renewed interest in sleep in the region and it remains vital that we continue to help individuals take control of their own lives and foster a more common approach among different people. services if we are going to successfully tackle homelessness.



Business Live’s Southwestern business reporter is William Telford. William has over a decade of experience reporting on the business scene in Plymouth and the South West. It is based in Plymouth but covers the entire region.

To contact William: Email: [email protected] – Phone: 01752 293116 – Mob: 07584 594052 – Twitter: @WTelfordHerald – LinkedIn: www.linkedin.com – Facebook: www.facebook.com/william.telford.5473

Staying in touch: BusinessLive newsletters have been redesigned to make them even better. We send morning newsletters straight to your inbox on the latest news, views and opinions in the South West. Also receive our last minute alerts and weekly sector reviews. Register now – it’s free and it only takes a minute. To subscribe to the daily Business Live newsletters, click here

And visit the Business Live South West LinkedIn page here

Stay in touch: BusinessLive newsletters have been redesigned to make them even better. We send morning newsletters straight to your inbox on the latest news, views and opinions. Also receive our last minute alerts and weekly sector reviews. Register now – it’s free and it only takes a minute.

BCHA operates throughout the South West and, together with Plymouth City Council, recently developed 12 one-bed apartments specially designed to meet the needs of people with mid-level learning disabilities. He also runs George House Inn at Stonehouse.

BCHA has been a customer of Lloyds Bank for over 25 years. Meanwhile, support from Lloyds Bank has enabled the housing provider to make a practical contribution to local housing issues in Bournemouth and the South West.

Mr. Lucas said: “Our Relationship Manager at Lloyds Bank fully understands our long term goals and with his support we are proud to be able to fund the development of new properties with the goal of supporting those most in need in society. .

David Binding, Relationship Manager at Lloyds Bank, added: “Working with the BCHA team as they continue to provide support to vulnerable people in our region has been incredibly rewarding.

“As a long-term partner, we are confident that the funding will go a long way in tackling homelessness and providing life-changing housing for many people. We will continue to work alongside businesses in the South West to help them achieve their goals in the months to come.



Source link

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top