An estate and letting agency is giving vulnerable care leavers a home alongside education, training and support in an innovative scheme.
South-of-England-based Andrews Property Group is unique in that is owned by two charitable trusts with profits generated by the business paid back into them in the form of a dividend.
The £1 million handed over to Andrews Charitable Trust and Speaking Volumes has been used to fund a housing scheme that aims to purchase 50 homes in 50 years to support youngsters leaving the care system and prevent homelessness in the process.
In the two years it has been running – coinciding with the firm’s 70th anniversary – two homes have already been purchased and refurbished in Bristol and Sutton with a further two soon to be rubberstamped.
In August this year, we announced our largest dividend payment to our charitable shareholders of £1 million, to help supporting ventures that tackle the link between poverty and housing. https://t.co/b2uePlP81E#OpeningDoorspic.twitter.com/6votOSqFqV
— Andrews (@andrewsonline) December 5, 2018
The 15 young people housed so far have been paired up with a local charities CAYSH and 1625 Independent People who have experience of dealing with vulnerable young people. From there, they even have the opportunity to work at Andrews to sharpen their skills as well as training as a mentor for other young people coming into the programme.