A council owned property firm is donating its profit margin totalling £115k to two local charities.
Welland Homes, a housing company wholly owned by South Holland District Council, is to give the money to Citizens Advice South Lincolnshire and Lincolnshire Community Voluntary Services.
The company was incorporated in 2015 and has 39 open market rental properties.
Citizens Advice will receive £84,000 as part of the decision. These funds will be used towards their aim of providing free, independent, confidential and impartial advice on rights and responsibilities, as well as support on a range of matters including money advice, welfare support, employment, housing and family and personal matters.
The remaining £31,000 will go to Lincolnshire Community Voluntary Services, who work in the District to enable individuals and groups to make a real difference in building stronger and sustainable communities through community engagement and promoting and supporting volunteering.
Members of the Welland Homes Board welcomed the decision and put out a statement which reads: “After seven years we are incredibly pleased that we are still seeing fantastic development and growth from Welland Homes, with another profitable year proving testament to the hard work of everyone involved.
“Supporting those residents in need, and those groups and individuals who need additional assistance is so important, especially at this time, and we are proud to be able to show our continued commitment to these causes through this significant donation. We hope that it will help to make a real difference for our people and communities in South Holland.”
