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Charity story

SUPPORTING FRONTLINE HEROES

A care charity has adapted its new social enterprise project to provide a safe haven for NHS staff and key workers during the coronavirus outbreak

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St Vincent's and St George's Association

Cheltenham, UK

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After converting a property into a guest house, a charity cleverly adapted the project to support essential workers.

St Vincent’s and St George’s Association purchased the Grade two listed building, to restore the property to its former glory as a guest house and place of education.

Helped by a £350,000 loan from CAF Bank, the care charity completed the refurbishment and launched this social enterprise project in early 2020.

Soon after the Portland Guesthouse opened its doors, the COVID-19 outbreak disrupted the original plans. The project aims to deliver onsite training for vulnerable adults, helping them to gain a qualification and begin a career in the hospitality sector. Providing B&B accommodation to visitors to Cheltenham will generate income that helps fund the charity’s work.

Although the project’s normal activities have had to be suspended during the pandemic, the charity has found another way to deliver its vision. The guest house offered free overnight accommodation for NHS staff and key workers, subsidised by donations, enabling these frontline heroes to safely isolate from their families.

One of seven en-suite bedrooms at the Portland Guesthouse, which opened its doors in early 2020

FINANCING YOUR FUTURE PLANS

If your charity is looking to buy or develop a property, download this free guide to repayable finance options. Or get in touch with our charity loan experts, to discuss the support you need to achieve your goal.

CAF Bank loans are non-regulated products.

Loan applications subject to credit assessment. Security will be required.

Charity assets may be at risk if you do not keep up with the repayments for a mortgage, loan or any other debt secured on them.

If you're thinking of consolidating existing borrowing, you should be aware that you may be extending the term of the debt and increasing the total amount you pay.

CAF Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 204451).

CAF Bank Limited Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ. Registered in England and Wales under number 1837656.