People, Potential, Possibilities (P3)

Working alongside social impact investor Better Society Capital, we are unlocking dormant financial assets in order to tackle social issues across the UK. For example, these funds have enabled housing group P3 to provide vulnerable people with affordable housing.

People, Potential, Possibilities. P3 Charity (P3) was established in 1972 and now operates across the UK, delivering services for people facing social exclusion and homelessness. 

P3 purchases housing and leases it to people who are socially excluded, at risk of homelessness, or have complex needs. It offers a range of housing options to support people to live somewhere that is right for them, including direct-access hostels, 24-hour staffed accommodation, self-contained flats for single people and larger accommodation for families in the community. The housing is safe, affordable and high-quality, based in areas where people want to live.

Stephen Muers, Managing Director, Big Society Capital, says:

Dormant assets are fundamental to what we do here at Big Started Capital. Dormant assets come from the Reclaim Fund, which we then invest into social investment funds run by a number of our partners. P3 are a great example of the kind of organization we’ve been able to support through social impact investing. P3 have used social investment several times on their journey to scale, to gradually grow and support more people as they’ve learned and developed their services." 

Mark Simms, CEO, P3, says:

The investments from Social and Sustainable Capital have enabled us to expand our housing services for people and give greater choice over the homes we purchase. We have reduced our reliance on private and social landlords and been able to buy good quality, safe homes in communities where people want to live. This has enabled us to support people who are going through a tough time and are at risk of homelessness in Wolverhampton, Lincolnshire and beyond to move into semi-independent and independent living. In short, this housing is providing people with long-term stability to access education, volunteering and employment, while improving life chances and enabling people to live and thrive."