2024 Case Studies Pack
- May 2024
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We advised the ‘people first’ organisation P3, a registered charity, housing provider and social enterprise on aspects of its 10-year partnership with West Lindsay District Council (WLDC) to provide high-quality, sustainable affordable housing in Gainsborough.
Through the partnership, WLDC granted £1m to P3, and transferred 11 properties to the charity. P3 was able to leverage WLDC’s funding to raise £4m in social investment, to refurbish the homes and purchase additional homes. P3’s goal is to refurbish, manage and rent 110 homes through the project.
In addition to refurbishing the houses, P3 is then letting out the homes through an impactful letting policy agreed with WLDC, and also providing wraparound support to tenants; the aim is the creation of a new housing ecosystem where people will benefit from long-term stability and thrive.
Suhan Rajkumar
Associate
Bates Wells