Charity to form subsidiary of Thames Reach
Homelessness charities Thames Reach and Groundswell have entered into a partnership to tackle rough sleeping.
London-based Thames Reach will head a group structure in which it will become a parent company and Groundswell a subsidiary that will retain its independence with a separate charity number and board of trustees.
The partnership will support Groundswell’s expansion plans. The charity hopes to grow its funding revenue to £500,000 next year, from £400,000 in 2011.
Groundswell chief executive Athol Halle also said he hoped to increase staff from six to 10. All staff will remain Groundswell employees.
The organisations will co-ordinate on business development and strategy and Thames Reach will support UK-wide charity Groundswell by helping it replicate its service delivery projects, develop a new website and provide IT and administrative support.
Mr Halle said: ‘The time is right for a partnership that will help us roll out our messages and these schemes even further.’
Jeremy Swain, chief executive of Thames Reach, said: ‘This has been a long time coming. Both organisations have a very similar ethos.’