Social and Sustainable Capital today announced a second investment in Giroscope.
SASC’s press release states:
“The second investment came in December 2017, alongside a grant from Power to Change which comprised 25% of the loan value, making it more affordable for the charity to take on the loan.
This investment has enabled Giroscope to purchase and renovate three further properties and to develop an exciting self-build project, which will see four houses being developed on a piece of land to the rear of its newly acquired property on Coltman Street.
The investment will provide homes for 18-20 additional people. Giroscope now provides housing for 264 people, which is a 20% increase since receiving the first investment from SASC.
Ben Rick, Managing Director of SASC said, “Giroscope does really important work in the heart of the west Hull community. Breathing new life into these empty houses and renting them affordably has not only given those most in need safe and high-quality homes to live in, but it has improved the community too.
In just two years since receiving the initial investment, the social impact Giroscope is having on the people in need within the local community is incredible. By creating secure homes, providing vital support and new opportunities for disadvantaged individuals, Giroscope is tangibly helping to improve the quality of their lives.” ”
We at Giroscope are proud to be partners with both SASC and Power to Change. For more information about SASC, click here.
To be built on land to the rear of our office in Coltman St., west Hull, the self-build project in the heart of our community aims to break ground in spring 2018, with the tenants directly involved in the construction of the buildings.
Ahead of this we have built a prototype frame on site to practise the techniques and flag any issues that might arise. This two week project has recently ended and we have reviewed the time-lapse photography covering the process. This video shows the day the frames were raised, and can be seen on our YouTube channel.
Very nearly finished – installing the front sop on a house that has been empty for around 20 years.
Giroscope and Canopy, a housing project based in Leeds, are winners of the World Habitat Awards 2015-16 for our project ‘Self-Help Housing in the North of England’. This award, presented by the Building and Social Housing Foundation (BSHF) and the United Nations Human Settlements Programme (UN-Habitat), recognises practical and innovative housing projects from around the world.
This award is really exciting news for Giroscope and recognises our work here in west Hull bringing back empty properties, providing decent housing and volunteering opportunities and generally helping to regenerate our neighbourhood.
The Awards was presented at Habitat lll in Ecuador, October 2016 – the United Nations Conference on Housing and Sustainable Urban Development.
Giroscope has started an exciting new project renovating empty homes to create accommodation for homeless young people.
On completion our project will provide 4 shared houses (12 bed spaces) for young people who are either homeless or in acute danger of becoming so. This project is part-funded by LandAid.
LandAid is the property industry charity working to end youth homelessness in the UK. It tackles the root causes of youth homelessness, protects young people on the streets, provides accommodation and support for those who have been homeless and gives a platform to young people to have their voices heard.
If you are a young person in need of accommodation give us a ring 01482 576 374 or drop into our office – 69 Coltman Street. Hull HU3 2SJ.