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Prosper has helped their social landlord partner, Thirteen Group make a big difference to local communities throughout the North East and Yorkshire.
Through their successful Social Value programme, Prosper, has awarded a grant of £108,097 to Thirteen Group. This recognises the strong partnership between the organisations in delivering multiple projects to improve the quality of Thirteen’s housing communities.
A wide range of initiatives have been supported thanks to previous rounds of funding which have helped to bring communities together – from building social skills and launching environmental projects to health and wellbeing activities. These initiatives have helped to create resilient communities, by empowering residents through giving them access to support and programmes within their local area.
Thirteen Group’s Chief Executive, Matt Forrest, said: “There are so many great examples of how this real social value is benefitting our communities through the work we carry out in partnership with Prosper.”
Rod Brasington, CEO of Prosper, added: “We are delighted to have been able to support the local communities of Thirteen Group through our Social Value Dividend Fund. We are excited to see the impact this funding will provide to Thirteen communities across the North East.”
Prosper issues funding annually to landlord partners from its Social Value Dividend Fund. The amount received is based on the procurement spend with Prosper of each landlord partner enhanced by the addition of a proportion of any surplus Prosper generates. The landlord is free to allocate the dividend spend to Social Value initiatives which best suit the unique needs of their communities.
The total amount of funding issued by Prosper to date is now in excess of £2.7 million. This equates to approximately £20 million of reinvestment in local communities once Social Value Calculator measures are applied.
Find out more about the Social Value Dividend Fund, here.