There is a significant unmet demand for safe and secure homes for women in need. Two thirds of homeless adults living in temporary accommodation are women. Women’s Aid reports that 60% of women being referred to specialist refuges are being turned away, mainly due to lack of space.
Big Society Capital first proposed the fund in 2018, in response to our research – where we talked to more than 60 women’s sector organisations about their housing needs. The fund was then created and is managed jointly by Resonance and Patron Capital. We have provided £10 million cornerstone investment at its first close.
Women in Safe Homes fund provides affordable, safe and secure homes across the UK for women who are experiencing homelessness, survivors of domestic abuse, have experience of the criminal justice system or have other complex needs. It acquires homes and leases them to women’s sector and homelessness charities which, in turn, will let them to women at risk of homelessness, with a secure tenancy. The women will also receive specialist support to help them recover from abusive or difficult circumstances.
Fund size£15.5 million
Big Society Capital commitment£10 million
Number of affordable homes the fund aims to provide
Number of women the fund aims to house
Sustainable development goals
1: No Poverty End poverty in all its forms everywhere
3: Good Health and Well-being Ensure healthy lives and promote well-being for all at all ages
8: Decent Work and Economic Growth Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
10: Reduced Inequality Reduce inequality within and among countries
11: Sustainable Cities and Communities Make cities and human settlements inclusive, safe, resilient and sustainable