Prosper social value fund to improve the quality of life for customers

Strategic business consultancy, Prosper, has paid over £2.2m to its partners to reinvest into their communities as part of its social value fund. 

Prosper is a non-profit strategic business consultancy firm, who specialises in business transformation and new builds.

They work with many housing providers and public sector organisations across the North East of England to help find the best solutions for them and their businesses.

Prosper was established in 2008 and social value has been a core principle for Prosper since 2011.

Prosper has set up numerous schemes to create more employment opportunities, develop life skills and provide specialist guidance and advice, all with the aim to boost the life chances and improve the quality of life for the housing provider customers.

The £2.2m helps to fund various projects which generate additional social value and benefits to communities.

According to Prosper, some of the projects return benefits valued at £9 for every £1 invested.

As part of the social value fund, Prosper also has a small-scale funding pot of £10,000 called Launchpad.

This fund is designed to help their partners with additional costs, such as transport to and from interviews, helping to pay license fees, protective clothing, etc.

Rod Brasington, chief executive of Prosper: ‘Although this is a smaller fund, it has many benefits to many of our partners since we launched it, making a difference to identified individuals.’

Mr Brasington added: ‘Our social value fund is a great way for partners to invest in their communities and create opportunities that they didn’t think were possible.’

‘Our partners get a percentage of the fund depending on what they spend with us throughout the year.’

‘The fund has really made a difference in lots of communities across the North East.’

‘The projects that the partners set up are varied, from cooking classes to CV writing, to community hubs, they are all great initiatives that benefit a whole range of people.’

In related news, northern community groups that show an innovative approach to sustainability have been invited to apply for a share of £100,000.

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