YWHP, secures a home of its own with the help of a Charity Bank loan

posted by by Theresa Wilding on 20th July 2017

With the support of a Charity Bank loan, the Young Women’s Housing Project has been able to purchase its main accommodation and offices in Sheffield, enabling the us to secure our future offering accommodation and support to young women who have been affected by sexual abuse and exploitation.

In addition to a safe base, YWHP also offers a myriad of support services to help the young women rebuild their lives and work towards a confident and successful future. Each woman receives therapeutic support and practical help in such areas as recovery and wellbeing, safe and healthy relationships, parenting, social and financial inclusion, and participation in the wider community.

The YWHP had been renting its main house, which also doubles as the charity’s headquarters, from the local authority for many years. Charity Bank, the ethical bank that uses savings to make loans to charities and social enterprises, provided a £100,000 loan towards the purchase of this property so that the charity could have more long-term security.

Jo Meagher, Project Manager at the YWHP, said: “We didn’t want to get a loan from a mainstream high street bank as it was important to us to use a provider who really understood how charities function.

“Charity Bank was so approachable and offered a really personalised service every step of the way. We had a dedicated couple of people at Charity Bank who understood our situation, were patient with us and offered us lots of support. They were always available at the end of the phone and were so caring and helpful, even when we came up against hurdles along the way.”

Jeremy Ince, Charity Bank Regional Manager, said: “Charity Bank exists to make sure that charities and social enterprises can always be there for the people and communities that need them. The Young Women’s Housing Project is an important organisation that offers vulnerable young women a safe place to call home where they can heal and begin to rebuild their lives. We’re proud to have been able to play a part in securing the future of this vital work.”

For further information please contact:

Mark Howland 01732 441973 or MarkHowland@charitybank.org

About Charity Bank

Charity Bank is an ethical bank with a mission to use money for good. Charity Bank lends solely to charities, social enterprises and other organisations where the loan is for social purpose. Since 2002, it has used the money saved with it to provide over £180 million of loan finance to support organisations which are working to enrich and improve society.

Savings with Charity Bank become part of a social mission. They may be used to help extend sports centres, increase access to education for excluded young people, open a safe house for victims of domestic violence, provide homes for those on low incomes or regenerate deprived areas of the country.

Charity Bank is run for the sector and owned by the sector, as all of its shareholders are charitable trusts, foundations and social purpose organisations.

For more information visit www.charitybank.org

Registered Office: The Charity Bank Limited, Fosse House, 182 High Street, Tonbridge, Kent TN9 1BE. Authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority No. 207701. Member of the Financial Services Compensation Scheme (FSCS). Company registered in England and Wales No. 4330018.

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With your help we can provide safe places for women to live, emotional support and practical help; we can continue encouraging independence and building confidence to get on with their lives.