Welland Homes, a housing company wholly owned by South Holland District Council, is donating its £128,274 profit for the year to four local charities, helping to support in-need residents in the District.
The company, incorporated in 2015, was established with aims to increase the housing supply in the area to meet an existing demand, set high standards for housing design in the District, and improve the quality of rental accommodation available to residents.
Welland Homes currently has 53 open market rental properties in its ownership and is seeking to acquire a further 4 homes this year. After another successful year, the company will be donating its profit margin to four local charities: Citizens Advice South Lincolnshire, the Lincolnshire Community & Voluntary Service, Active Lincolnshire and South Holland in Bloom.
Citizens Advice South Lincolnshire will receive £88,074, which will be used in their goals to provide free, independent, confidential, and impartial advice on rights and responsibilities, as well as support on a range of matter such as money advice, welfare support, employment, housing and family and personal matters.
£31,000 will be donated to Lincolnshire Community & Voluntary Services, who work in the District to enable individuals and groups to make a real difference in building stronger and sustainable communities through community engagement and promoting and supporting volunteering.
Active Lincolnshire, who bring people and organisations together to provide opportunities for everyone in Lincolnshire to be more active, more often, will be receiving £6,000.
£3,000 will be donated to South Holland in Bloom who assist and support various villages across the district in connection with the Britain In Bloom competition. The charity provide small financial contributions to each area which looks to support the work to improve the local environment.
All charities will receive the funds by the end of March.
Directors of the Welland Homes Board welcomed the payment of donations, saying: “We are extremely proud that Welland Homes’ continued growth and development is allowing the company to make donations of this size to a group of charities that go above and beyond to support our local area a great deal.
“With yet another successful and profitable year, it pays testament to the incredible hard work put in by everyone involved with the company and shows the financial benefits the company provides to the council. We look forward to the future of this company as it continues to provide the quality homes that our residents deserve.”
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