Computershare Loan Services and The Deposit Protection Service have awarded £40,000 to national youth homelessness charity Depaul UK for the second year running.
The organisations said the donation would help the charity continue to tackle the root causes of homelessness and improve financial wellbeing among young people aged 16-25.
Nicola Harwood, director of prevention and programmes at Depaul UK, said: “Another year of significant funding from Computershare will enable us to continue working with young people who are particularly vulnerable to becoming homeless.
“Young homeless people have complex needs that require a package of support to help them overcome a number of issues, including family breakdown, bereavement, mental health or a history of abuse.
“This substantial donation will help to provide our clients with the right tools and support to enable them to enter adulthood on more stable financial foundations.”
Computershare said the donation will go towards Depaul’s national employability programme called ‘Steps to Success’, which equips young people with the skills and knowledge to secure and maintain education, training or meaningful employment.
The donation will also contribute to the organisation’s money management project, which helps young people better navigate their finances and benefits through financial literacy workshops and one-to-one conversations so they can improve their money management skills.
Andrew Jones, CEO at Computershare Loan Services, said: “Along with our sister organisation the DPS, we wanted to renew our significant support for a charity that is working to improve financial literacy and young people’s overall financial health during these difficult times.
“We are delighted to support Depaul which has shown unwavering commitment to some of the most vulnerable in society.”
Matt Trevett, managing director at the DPS, which is also part of the Computershare Group, added: “The DPS has consistently supported charities helping those experiencing housing and homelessness issues.
“We’re proud to continue to support the vital work Depaul carries out in this area.”
