Resonance

NACRO

Providing Homes And Support For London's Rough Sleepers

HOMELESSNESS PROPERTY FUNDS SOCIAL IMPACT REPORT 2021/22

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IMPACT THEME: Housing & Homelessness, Health, Wellbeing and Social Care, Work & Employment, Poverty and Disadvantage, Rehabilitation and Criminal Justice

WHAT THEY DO: Nacro is a national social justice charity with more than 50 years’ experience in changing lives, building stronger communities and reducing crime. Nacro helps around 32,000 people each year. It is also a leading registered social landlord and charity that has experience in housing people sleeping rough in London. 

YEAR FOUNDED: 1966

LOCATION: Nationwide

PARTNERSHIP DATE: March 2021

FUND PARTNERSHIP: Resonance Everyone In Fund (REIF)

PARTNERSHIP PURPOSE: Resonance Everyone In Fund has partnered with Nacro with the intention of purchasing and leasing affordable homes, housing rough sleepers in London.

SUSTAINABLE DEVELOPMENT GOALS:

ABOUT: Nacro is a London based social Landlord charity, helps around 32,000 people each year with their provision of various services such as criminal record support, substance misuse support and education and learning services, however, their biggest focus is on housing. Currently there are more people rough sleeping in London than before the pandemic, so it has become more crucial than ever that rough sleepers are moved into affordable housing. In 2020/21 there were:

  • 11,018 people rough sleeping in London, a 3% increase on 2019/20
  • 7,531 people rough sleeping in London for the first time (68% of all people sleeping rough), a 7% increase on the number of new rough sleepers 2019/20
  • 94% increase in rough sleeping numbers in London since 2011/12

PURPOSE OF PARTNERSHIP: The Resonance Everyone In Fund (REIF) partnered with Nacro in March 2021 with the aim of providing housing for rough sleepers in London, reducing the rates of homelessness. REIF supports Nacro by leasing them properties making sure that tenants receive support for up to four years.

The Resonance Everyone In Fund:

  • Launched March 2021 
  • Quickly exceeded its target and raised £16.5m in July 2021 
  • Purchased and refurbished 56 one-bedroom and studio apartments. The properties were chosen with Nacro to ensure their suitability for each tenant and were intentionally bought in strong communities, close to support services, public transport, local facilities, amenities and green spaces
  • Aims to provide decent, stable and affordable homes for rough sleepers in London and estimates that 200 people will be housed. 
  • 50 people housed as of March 2023

Nacro is responsible for furnishing each property, ensuring its homeliness before people move in. And tenants are receiving individualised, wrap-around support to help them sustain their tenancies, make positive choices and rebuild their lives. This will enable more people to leave rough sleeping behind and live in supported accommodation.

Steve had been sleeping rough in London but in autumn 2021 was moved into one of the fund's homes alongside Nacro's specialist support services. In our film below, Steve talks about his experiences and how his new home “is the right place” for him.

 

Campbell Robb, Chief Executive of Nacro: “Too many people in London are without a safe, secure home, unable to plan for the future. At Nacro, we're delighted to be working with the Everyone In partnership, to give people somewhere stable to live - along with extra support that can really make the difference. Holding on to a home in these difficult times is a vital step in helping people to move on with their lives.”

Simon Hughes, Head of Housing and Support at Nacro: “We know Rough Sleeping has a devastating impact on communities, people’s lives, health and future so we are delighted that the Resonance Everyone In fund is on target to acquire homes where Nacro can deliver the support to enable people to thrive and move towards lasting independence away from the street. “Holding on to a home in these difficult times is a vital step in helping people to move on with their lives.” 

READ OUR LATEST SOCIAL impact report 

Resonance Limited is a company registered in England and Wales no. 04418625

Resonance Impact Investment Limited, a subsidiary of Resonance Limited, is authorized and regulated by the Financial Conduct Authority (FCA). Firm number 588462.

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