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Large housing association delivers £125m in social value through charitable arm
The charitable arm of Clarion, the country’s largest housing association, has delivered £125m in social value to its residents and communities, a review by the organisation has found.
According to analysis using the Housing Associations Charitable Trust’s ‘Social Value Bank’ measuring system, investments and support delivered through Clarion Futures provided an additional £125m in social value to the areas it operates in.
This is now the second year for Clarion Futures, which was set up in October 2017.
On its launch it set out plans to invest £150m over the next 10 years into schemes that provide support, skills and opportunities to more than 360,000 social housing residents.
This would be delivered through three arms: jobs and training, money and digital, and communities.
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According to the company, it helped 4,009 people into work in the 12 months to April 2019, and placed 250 people into apprenticeships. Of those to have been helped into work, 25% were aged 25 or younger.
A total of £255,337 was awarded to 58 projects across the UK in the 12 months up to April 2019.
Clarion Futures was also used to provide 1,803 residents with one-to-one money advice, 3,731 with access to debt advice, and deliver digital skills intervention to 14,536.
Phil Miles, director of Clarion Futures, said: “At Clarion, we’re about so much more than bricks and mortar, as demonstrated by the wide-ranging support we’ve provided to our residents and communities over the past year.
“We’re proud of the positive impact we’re making in communities across the country and are committed to supporting even more people, places and projects in the coming year.”
