Community Ventures received a £500,000 investment from Resonance Community Developers to support affordable housing initiatives in one of England's most deprived areas.

Information on the Target

Community Ventures (Middlesborough) Ltd has recently received a £500,000 investment from Resonance Community Developers (RCD) to support the development of affordable housing for families and individuals residing in one of the most deprived local authorities in England. Established in 1989 and managed by a team of eleven local residents, Community Ventures is dedicated to enhancing the East Middlesborough communities of Thorntree and North Ormesby, both of which rank among the top 10% of deprived neighborhoods in the country.

The organization's initiatives include childcare programs, community engagement activities, food banks, and the provision of affordable housing. These efforts are instrumental in fostering safer, more connected communities by addressing local needs directly and effectively.

Industry Overview in the Target's Specific Country

The housing market in the UK, especially in regions such as East Middlesborough, is currently facing significant challenges. The increasing cost of living and high unemployment rates have exacerbated the demand for affordable rental housing, leaving m