Decision details

£750,000 of capital funding will secure the delivery of 8-10 new units of high-quality specialist accommodation for young people leaving the homelessness pathway;
•100% of the housing will be Affordable Housing, rented at no more than Local Housing Allowance;
•The Feasibility Study outlines a minimum of 8 units:
o5 x 1-bedroom flats each with bathroom and kitchen facilities
o1 x Studio with bathroom and kitchen facilities
o1 x 2-bedroom flat with bathroom and kitchen facilities
The project has already received firm support from the Mayor, Councillor Tom Renhard and Executive officers at Bristol City Council.

The Bristol City Council Affordable Housing Funding Policy (AHFP) 2022-2025, supports the targeted offer of capital funding for affordable housing delivery, with affordable housing providers being invited to compete for funding through a bidding round process. This decision approves an invitation to 1625ip to bid for £750,000 of AHFP Capital Grant Funding to support the delivery of 8-10 specialist affordable housing units at the Kingsley Hall Development. It is agreed that this application for grant shall proceed outside of the Council’s e-procurement framework which is usually used to process bids under the AHFP. This reflects the fact that the project has already received firm support from the Mayor, Councillor Tom Renhard and Executive officers at Bristol City Council and that this bid is not part of a competitive process for funding support. A letter to support 1625IPs funding application to the National Lottery Heritage Fund was sent from the Mayor on 16th May 2022.

Option 1 - 1625ip has secured development phase funding of £462K from National Lottery Heritage Fund (NLHF) to take the project to RIBA Stage 2 and to deliver a pilot programme of skills, wellbeing and heritage activities linked to the building project.
1625ip’s successful application to NLHF includes a further £4.4M towards the delivery phase of the project which will include building training and social spaces for young homeless people and care leavers, a social enterprise and skills kitchen and community spaces - all in addition to the affordable housing. The total NLHF grant is £4.86M.
The AHFP Grant of £750k contributes solely to the funding gap for the affordable housing. The balance of costs for the affordable housing, and the wider costs of the project, will be met by the NLHF grant and other match funding. The BCC grant proposed was and is critical to securing the NLHF capital funding.