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Vital Regeneration to merge with Thames Reach

28 February 2017

 

VitalRegeneration
Vital Regeneration has helped people to set up their own businesses

An award-winning charity, Vital Regeneration, is to merge with Thames Reach.


Vital Regeneration has

helped many hundreds of people placed in temporary accommodation by the City of Westminster to improve their skills and employment prospects through its highly successful Homeless Employment and Learning Project (HELP). Typically HELP supports black and ethnic minority lone parents who are experiencing homelessness to find work and increase their earnings.


Its linked project, HELP Enterprise, combines dedicated business support and access to micro-financing through Vital Invest CIC, an innovative subsidiary vehicle established to enable homeless people to set up their own micro-businesses. 


Most recently, Vital Regeneration has joined with Westminster City Council to provide a ‘One Stop Shop’ service focusing on helping to prevent homelessness through employment, financial management and housing-related support.


Thames Reach and Vital Regeneration entered into discussion in 2016 and it quickly became clear that both organisations had services that could complement each other and a strong, shared commitment to reducing homelessness through delivering effective prevention services.


Both Boards have now agreed a merger and Vital Regeneration will become a subsidiary of Thames Reach from March 1st 2017. The innovative work of Vital Regeneration will be developed and delivered in more boroughs across London.


Thames Reach’s Chief Executive Jeremy Swain said: “Vital Regeneration’s employment sustainment figures are some of the best in the country and, having heard directly from the women who are being supported, I have no doubt that the organisation is transforming lives for the better. Bringing together our two organisations will enable us to make a bigger impact on the lives of even more women and men as we seek to reduce homelessness in Westminster and elsewhere and the Thames Reach Board is very excited by the opportunities this partnership brings.”


Vital Regeneration’s Chief Executive David Bowler said: “The merger follows some very constructive conversations that have been driven by a single shared imperative – achieving better outcomes for people who are homeless or at risk of homelessness. Our organisations’ services complement each other and, for Vital Regeneration, it offers us an opportunity to scale our work and increase impact within a respected, larger organisation that shares our values.”