- YMCA Birmingham has opened a new housing scheme entitled the Vineyard
- Charity Bank provided a £1.9 million loan to support its development
- HRH the Princess Royal attended the opening ceremony on 18th May
YMCA Birmingham has officially opened The Vineyard, its flagship development in Birmingham, at a ceremony attended by HRH the Princess Royal.
The Vineyard provides transitionary accommodation for YMCA residents who are now ready to live more independently. A state-of-the-art sports centre and community hall completes the site. The development is being supported with a £1.9 million loan from Charity Bank, the ethical bank that lends to charities and social enterprise.
Each of the 34 apartments in the Vineyard contains a bedroom, living area, kitchen and bathroom, allowing residents to experience independent living.
Through work experience, training sessions and self-confidence classes, residents are able to focus on their personal development and move towards a stable, successful future in a supportive environment.
The opening completes the second phase of YMCA Birmingham’s vision of a new housing centre for young people that would reach out to the local community.
Together with its first phase, known as the Orchard, YCMA Birmingham can now offer homes to 117 young people in difficult circumstances.
Charity Bank Regional Manager Peter Hughes said, “YMCA Birmingham has an extraordinary track record of helping homeless and at-risk young people to realise their potential and work towards a better future.
“The Vineyard development recognises that this transformation takes more than a safe place to sleep at night and supplies the training and mentoring required to build self-worth, drive and confidence.
“The 34 new flats, meeting hall, sports facilities and café will not only immensely benefit their young residents, but will become a new hub for the wider community.”
YMCA Birmingham CEO Alan Fraser said, “We wanted to work with a bank that understood the charitable sector and the kind of business that we’re in. We wanted to know that our banker was operating to the same ethical standards that we do and that they saw us as a partner in doing good, rather than just a customer from whom they could make money.
“Charity Bank pulled out all the stops to make the deal happen – they were quick, efficient, clear in their requirements, but also flexible and realistic. The support and help offered by the team was exemplary. We were kept fully informed every step of the way.”