The DPS has a long-standing commitment to support charities in the homeless sector. Since May 2023, when we started paying interest to tenants on the deposits we protect, we've offered them the opportunity to donate that interest at the end of their tenancy. Through this effort, we're pleased to share we've facilitated the donation of over £500,000 to our charitable partner, St. Mungo's, a leading homelessness charity in the UK.
With rising rental costs, lack of affordable housing options, financial instability and limited resources, too often people find themselves in circumstances they never anticipated. St. Mungo's offers people in need safe, warm, emergency accommodations, and support teams to help them learn new skills, find employment and begin rebuilding their lives.
We're proud to partner with St. Mungo's, and appreciative of everyone who's contributed.
Our partnership with St. Mungo's is also aimed to support meaningful change in local communities across the country, particularly in Bristol, where The DPS is headquartered.
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.”