Prosper awards £440,000 to local communities

A nationwide procurement firm has awarded £440,854 to social landlords across the UK to support community projects.

Newcastle-headquartered Prosper, which specialises in end-to-end procurement solutions, has distributed its Social Value Annual Dividend to 12 social landlords, marking a 37 per cent increase from the previous year. 

The fund allows landlords to reinvest in initiatives that improve local communities, with a focus on education, employment and support for hard-to-reach groups.

Rod Brasington, chief executive of Prosper, said: “We are delighted to announce our Social Value Annual Dividend fund payments which will hugely benefit the communities our landlord partners serve. 

“Landlords can allocate the funding to any project that helps their communities flourish.

“This year’s dividend has been boosted by a 15 per cent surplus contribution which is a commitment by our board and the total amount of £440,000 awarded this year is incredible. 

“I’m really looking forward to seeing how this funding will impact local communities.”

The largest payments include £157,900 to believe housing, £107,691 to Newcastle City Council and £95,941 to Karbon Homes. 

Landlords in the North East, Yorkshire, Wales and the South West have also benefited, ensuring the funding makes a tangible impact across multiple regions.

Vicky McDermott, director of housing and communities at Newcastle City Council, added: “We were delighted to be able to fund so many worthy community projects with the money we received from Prosper last year and look forward to doing more of the same with this incredible sum. 

“We are committed to making a positive difference to our neighbourhoods, and this funding helps us to deliver on the things that matter to our residents."

Jessica Alexander, social value coordinator at Karbon Homes, added: “We’re delighted to receive this year’s dividend from Prosper, which will enable us to support even more brilliant projects and initiatives across the North East, which help our customers and communities to thrive.”

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