St Mungo’s charity partner, The Deposit Protection Service (The DPS), has facilitated the donation of over £500,000 to the organisation.
The UK’s largest protector of rental deposits is enabling the transfer to the charity as part of its long-standing commitment to organisations working to combat homelessness.
The donations arise from deposit interest whilst tenants’ rental deposits are safeguarded by The DPS.
At the end of the tenancy, tenants may choose to donate the interest to St Mungo’s.
Laura Herring, Director of Fundraising and Communications, St Mungo’s, said: “We are incredibly grateful to The DPS for choosing to support St Mungo’s.
“The donation of an incredible £500,000-plus through this partnership will go a long way to helping those in significant housing need.
“With a record number of people experiencing homelessness, we look forward to continuing to work together to support people without somewhere safe, warm and stable to stay and help them rebuild their lives.”
Matt Trevett, Managing Director at The DPS, said: “We’re delighted to partner with an organisation that works tirelessly to prevent homelessness around the UK.
“The vital work St Mungo’s undertakes supporting people to recover from homelessness and advocating for change is why we chose to support them.
“The donation is only possible due to the generosity of tenants that have chosen to support the initiative and the significant volume of deposits managed and maintained by The DPS.”
Last year, St Mungo’s supported almost 25,000 people across 138 services – and supported over 2,100 people experiencing homelessness on any given night.
