Care provider Active Prospects has received a £3.4m investment from Social and Sustainable Capital (SASC) to offer homes to people with learning disabilities.
The investment product offered by SASC’s new housing fund – Social and Sustainable Housing (SASH) – will enable Active Prospects to purchase homes for the people they support.
As a result, Active Prospects will be able to offer 18 additional housing placements to people with learning disabilities and physical and mental health needs.
Plans also include the delivery of new homes for people in East Surrey, in partnership with Surrey county council as well as some houses in Crawley, West Sussex.
According to a report from learning disability charity Mencap, demand for supported housing from people with a learning disability is projected to increase from 38,500 units in 2015 to 59,800 units in 2030.
This is said to be due to population increases of people with a learning disability and national policies that promote people moving out of or avoiding registered care to live in community-based housing.
Maria Mills, CEO at Active Prospects, said: “We are absolutely delighted to be working with SASC, and this loan will enable us to help another 18 people with complex needs to move from long-stay institutions into great community homes.”
Mark Bickford, director of investments at SASC, added: “We are delighted to invest in Active Prospects.
“It is a fantastic social enterprise addressing a significant need for supported living in the community for people with learning difficulties and autism.
“Its services are all rated good by the Care Quality Commission, and it has had significant experience in growing and developing its housing stock, having delivered £8m of new-build, replacement, and modernisation programmes in the last four years.
“We believe the trend towards offering support services in the community could present a wider opportunity for social investment within the housing sector, with more providers like Active Prospects working in tandem with the government and commissioners.”