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Helping over 100 people find a new home

The Social Impact Bond supported by THT is helping over 100 people find a new home across Greater Manchester.

The Social Impact Bond supported by THT is helping over 100 people find a new home across Greater Manchester.

In November 2017 Trafford Housing Trust and One Manchester led a successful partnership bid (on behalf of GM Homes Partnership) which was awarded a £1.8m government project to provide housing and support to around 200 ‘entrenched rough sleepers’ in Greater Manchester.
THT is working in partnership with over 20 housing providers and private rented sector partners to ensure people with a history of rough sleeping are provided with a home that is in the right place at the right time to meet their needs and aspirations.  Participants in the programme also receive one-to-one support from one of three charity partners (Shelter, Great Places and The Brick) to help them to access the right types of accommodation and support services – such as mental health support, drugs and alcohol support, and employment & training.
THT is one of three investors in the project (via our Social Investment Fund), having committed up-front funding to the support delivery partners. The investment, which forms part of a ‘Social Impact Bond’ will then be repaid by central government upon demonstration that successful outcomes relating to entry into, and sustainment of accommodation and support services have been achieved.  The three investors (THT, One Manchester and Bridges) also form the Board of GM Homes Partnership which meets monthly to review performance and take any required action to ensure the programme is a success.
We are now just over 7 months into the delivery phase and are pleased to say that it is already delivering fantastic results!  Over 105 people across Greater Manchester have entered accommodation.  Of these, 3 people to date have moved into Trafford Housing Trust homes.  The programme is proving so successful that it is currently oversubscribed by over 60% (having received over 500 referrals compared to a forecast 300), with the team now identifying additional funding options to ensure more people can access the support available.
The programme recently received positive press across a range of sources including Manchester Evening News, BBC and The Guardian.
 
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