Posted on 08 July 2016
Housing association, The Hyde Group, has published its latest Impact Report for 2015/16 which outlines the successes of its pioneering community investment team, Hyde Plus.
Throughout the past year, Hyde Plus, working with residents and supporters, has delivered significant outcomes for residents and the business. 10,700 residents benefited from the work of the Hyde Plus team, with financial gains to residents of £1.7million (up £50,000 on 2014/15), and benefits to the business amounting to £1.2m.
One of the many highlights of the report is the work by The Money House (TMH), an award-winning project which teaches young people to manage their finances in a five-day course.
Shakira * one of the 340 young tenants who have completed the course, said: “The thing I learnt most was around prioritising debt. Without The Money House, I would probably have had my son taken off me or put with a member of my family and I’d be homeless. It’s made life so much easier, I no longer need to worry.”
98% of TMH ‘graduates’ say they feel more financially confident, and are three times less likely to be in rent arrears than those who don’t attend. 100% of tenants who have completed the course and moved in to a home have sustained their tenancies and gained valuable skills they can use for the rest of their lives.
Through the Hyde Plus Getting Online programme, 422 residents and hundreds more community members increased their digital skills and use of the internet this year. An independent evaluation showed that 80% of learners remained online after training.
Hyde resident, Deleon*, said: “I came to the session through being unemployed. I was off sick for two years, and wanting to get back into work. This course has given me real confidence.
“My advice to others is, see what’s out there; it’s not as frightening as it seems. What I enjoy most about being online is the community aspect and the interaction. I didn’t realise how many things are online.
“I’ve had a lightbulb moment where I think, wow, I can actually do this. I think it’s fantastic.”
In addition, Hyde Plus worked with 770 residents to develop skills and find the right job. A third of residents who use the service go on to get a job.
Over the past year 257 residents were helped into work – an increase of 29 on the previous year. One * commented: “When I discovered Hyde Plus, they provided practical and genuine assistance. I am now in secure, paid work, and feel great about being able to support myself.”
“These are outstanding results and we are very proud of the lasting difference Hyde Plus services continue to make,” said Jahanara Hussain, Head of Community Investment at The Hyde Group.
“To enable us to focus our award winning initiatives on people and places in greatest need and maximise our impact going forward, we have reviewed our priorities based on this research and re-designed our programmes accordingly. This is an exciting time to be involved in taking Hyde Plus to the next level.”