Social Impact

Read a blog from Karrek Community about their work during the pandemic

MSP serves vulnerable adults who are at risk of homelessness by leasing property to highly respected organisations that deliver the services direct to the individual tenants.

They are currently working with St Petrocs, Karrek Community and Mustard Seed. 

If you are a social enterprise and/or charity that would like to explore opportunities to secure more appropriate accommodation so you can deliver more social impact, please get in touch.

Since 2007, over 40 vulnerable adults have been helped in this way, who would otherwise be in homelessness hostels, or other unsuitable housing, or even in some cases, rough sleeping. The positive impact this has on those around them is also very felt, whether as respite for parents coping with grown-up children with learning disabilities or the friends and families of those who would otherwise be in desperate need.

Our annual social impact report outlines the impact being delivered our partner organisations, particularly St Petrocs and Karrek. The 2019 report details the improving housing opportunities and progression to work as well as resilience against homelessness. Eight people were supported last year by St Petrocs and 55 people received tailored support from Karrek. Also included are the results of a survey of investors that the Mustard Seed Property Community Benefit Society carried out to help understand their connections to Cornwall. 57% of investors said that Community Leadership was their top reason for investing.

You can read more about the social impact being delivered and the results of the survey here. There is also an infographic below that highlights our track record as well as some views from residents and other stakeholders.

Resident’s View

David: “I’ve been here for about 2 years and making the place homely has been like therapy for me. I am glad to be able to live in the area I was brought up in and have connections, and know the geography. A lady who used to live here came back to visit because she missed us all now that she’s found her own flat. We have house meetings to sort things out like cleaning up after ourselves in the kitchen.”

Resident’s View

Jonathan:“I have been here since January 2018. I was sleeping in a car after my mum died and I was evicted from our home of 50 years. People put in a good word for me with St.Petroc’s and coming into this house, well, all my worries were answered! I now have an address so I can look for work and I have a safe home. It was a challenge sharing a house, but it’s the only answer when you have little hope of getting back into employment or housing.”

Investor’s View

John: “I’ve been an investor since the beginning of Mustard Seed Property. It is great to be able to use some of my savings to invest in the community that has been my home for so many years. As well as the fact that my money is helping provide opportunities for people who really need it, my investment has outperformed many of my mainstream investments, paying a consistent and increasing return in challenging economic times. I’ve already invested for a second time and I intend to add to my investment with the 2018 share offer as well.

Partner’s View

Geeta: “It’s really refreshing to have a relationship with a property investor like Mustard Seed Property. They buy the property we need with the best interests of the people being supported in mind, and then customise it to their needs. It means we can focus our efforts on supporting people, not on becoming a property development company. And we have security of tenure in a property that’s fit for purpose and affordable for everyone involved.”