SASC invests £2.65 million into Hull and East Yorkshire Mind to expand their accommodation services
Summary
It is neither a mortgage nor a lease but enables social sector organisations to own their own properties, giving them the flexibility to allow them to best serve their clients.Emma Dallimore, Chief Executive and Hull and East Yorkshire Mind, and Non Executive Director at Wellington Care said:Working with SASC and taking on social investment for the first time will be a game changer. This also means we can provide the standard and quality of accommodation our beneficiaries deserve and have more flexibility to offer bed spaces immediately to those in urgent need. Another benefit is that we will own these assets which will make us more financially secure and sustainable too.Ben Rick, Co-Founder and CEO of SASC said:Since the pandemic there has been a growing demand placed on mental health charities like Mind. We are pleased to be supporting Hull and East Yorkshire Mind with finance to buy properties, allowing them to help more people with mental health issues. We hope to work with other charities is this space and enable them to provide safe, stable and appropriate housing in a financially sustainable way.For more information on SASC visit