Places for People, the UK's leading social enterprise focused on creating and supporting thriving communities, has secured $673K in new investment capital. The organization is known for its comprehensive approach to community development, encompassing homes, regeneration, property management, and leisure facilities. It owns or manages over 245,000 properties, providing homes for approximately 500,000 customers across the UK, and operates 100 leisure facilities that see an average of 1.9 million visits monthly.
The company's business model integrates complementary companies that are market leaders in various sectors, all working towards a unified goal of improving lives and communities. With almost 11,600 colleagues across more than 20 specialist companies, Places for People emphasizes partnership and collaborative efforts to provide opportunities and choice. What distinguishes the organization is its commitment beyond housing and leisure, focusing on significant social impact work.
Through its social impact initiatives, Places for People delivers support in areas such as employment, health and wellbeing, financial literacy, and homelessness prevention. This work generated £272 million in wellbeing value for communities in 2022, increasing to £300 million in 2023. This recently secured funding round will enable Places for People to further its mission and expand its impactful programs. The capital is expected to support ongoing growth initiatives and enhance the organization's capacity to deliver its wide range of services.
The investment underscores confidence in Places for People's sustainable model and its ability to generate both social and economic value. The organization plans to leverage this funding to continue its strategic expansion, deepen its community engagement, and further its commitment to making a lasting difference in the lives of people across the UK.
.png&w=3840&q=75)
