Greater Manchester is set to receive a cut of a £20 million fund to buy and refurbish properties for families and individuals at risk of homelessness in the region.
The £20m National Homelessness Property Fund 2 (NHPF2) – which was announced by social investment firm Resonance – aims to tackle the “alarming” numbers of people living in temporary or inappropriate accommodation in the North West, and will see houses, flats and apartments purchased through the the fund and leased to housing associations and homelessness charities.
Greater Manchester will get £5m to buy and renovate 50 one and two-bedroom houses, with additional scope to secure another 100 properties in the city-region and surrounding areas.
It’s believed that more than 80,000 people are currently on social housing waiting lists across Greater Manchester.
The initial investment will aim to provide housing for more than 250 people currently living in temporary accommodation, B&Bs or sleeping rough, but the fund will eventually aim to raise up to £100m to support hundreds more in need.
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Housing providers will also work with charities to help individuals and families find employment or education, and save for a deposit to move into the private rented sector with a track record of maintaining a tenancy.
This is the second iteration of the National Homelessness Property Fund (NHPF).
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The NHPF is the brainchild Resonance and ethical lettings agency Let Us – which is formed of five housing providers including Bolton At Home, ForHousing, Salix Homes, Stockport Homes Group and Wigan Council – and is funded by each of the Greater Manchester councils through the combined authority, along with the regional pension fund and social impact investors Big Society Capital.
The first iteration of the fund – which ran from 2015 to 2018 – raised £30m to buy 229 properties for 587 people.
Speaking on the fund, Simon Chisholm – Chief Investment Officer at Resonance – said: “With homelessness on the rise, the need for safe, decent and affordable housing is significant. Building on the success of our previous property funds, we are proud to launch the NHPF2, which will initially focus on purchasing affordable homes across the North West.
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“This will enable the fund to make a real difference to hundreds of people’s lives across the region.”
Paul Dennett – Mayor of Salford and the city-region’s lead on homelessness – has welcomed the fund as a “timely initiative”.
He added: “The coronavirus pandemic has exacerbated an already alarming crisis of housing and homelessness in this country, and its impact will be felt for many months to come. We face a dangerous winter that threatens to push many more people into hardship, and we should be doing all that we can to prevent further housing insecurity.
“We want high quality, truly affordable homes to be available to everyone across Greater Manchester,
“And the follow-on fund announced today by Resonance is a positive contribution to that goal and towards tackling the housing and homelessness crisis within Greater Manchester.”
You can find more information on the National Homelessness Property Fund 2 (NHPF2)here.
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Manchester City win watershed case against Premier League over sponsorship rules
Danny Jones
Manchester City have landed an early blow in what is set to be a long and arduous series of legal proceedings over the coming months as they have won a case against the Premier League over their rules around sponsorship and related party transactions.
The current English champions, who have won a record four Premier League titles in a row, launched legal action against the division back in June after claiming that their restrictions around Associated Party Transactions (APT) rules and sponsorships were unfair and unlawful.
Now, as it turns out, an independent panel of three retired judges ultimately concluded that the rules were unlawful and, at least in part, contrary to the Competition Act 1998.
The details of the case are obviously numerous and complex but, in short, it has been found that Man City were unfairly blocked from moving forward with two huge sponsorship deals earlier this year.
BREAKING: Man City has won their legal challenge against the Premier League's Associated Party Transaction rules, which surrounds commercial deals between clubs and their related companies 🚨 pic.twitter.com/ZevrXvOOhd
Although the outcome has been somewhat debated by the league itself, it was decided that the imposed regulations were unfair and “discriminatory in how they operate, because they deliberately excluded shareholder loans.”
Issuing a statement following the decision, the Premier League said they “welcome the Tribunal’s findings, which endorsed the overall objectives, framework and decision-making of the APT system”, adding that it also “upheld the need for the APT system as a whole and rejected the majority of City’s challenges” while reiterating that the rules are necessary for their “financial controls to be effective”.
They went on to add that “the decision represents an important and detailed assessment of the APT Rules, which ensure clubs are not able to benefit from commercial deals or reductions in costs that are not at Fair Market Value (FMV) by virtue of relationships with Associated Parties.”
Meanwhile, the City Football Group responded to the news in a series of bullet points, insisting that the “Premier League was found to have abused its dominant position, […] had reached the decisions in a procedurally unfair manner” and that they will now have to “restate the fair market value of two transactions entered into by the Club.”
Safe to say people have noted quite a distinct difference in tone when it comes to statements from the two parties regarding associated parties and their transactions with clubs but, nevertheless, it’s a victory for the Manc club could have a huge knock-on effect regarding how much teams can spend in the future.
Quite a contrast in wording between the statements from Man City (left) and the Premier League (right) on findings related to Associated Party Transaction rules. pic.twitter.com/H3QkHlwMGM
The Premier League have also reassured that two particular aspects of the existing rules that didn’t fully comply with the Competition Act will be rectified promptly and will be “conducting a process that can allow the league and clubs to enact those specific changes quickly and effectively”.
Not only does this mean that CFG is likely to restart conversations with the two blocked parties – one being the Etihad Group and another with a bank based in Abu Dhabi – but that other clubs could now potentially look into further lucrative sponsorship deals, although ‘fair market value’ will still be assessed.
You can read page 164 of the document which summarises the full Tribunal HERE.
Meanwhile, the still outstanding case against Man City over their 115 charges regarding FFP breaches has now begun, though a decision is still a ways off.
Date set for Manchester’s move to London-style ‘touch in, touch out’ public transport system
Emily Sergeant
The date for Manchester’s switch to a London-style ‘touch in, touch out’ public transport system has officially been set.
With just three months to go until all buses in Greater Manchester are back under local control, Transport for Greater Manchester (TfGM) has now set the date for the introduction of capped contactless payments on the Bee Network in a bid to “support multi-modal travel”, and it’s already being described as a “huge step forward”.
TfGM believes contactless pay-as-you-go systems on buses and trams will make travel easier overall, as it’ll guarantee passengers pay the right fare for their journey.
But how exactly will it work?
Coming soon, contactless Pay As You Go on #BeeNetwork buses. Travel seamlessly between bus and tram, with fares automatically worked out for you.
🟡 Pay no more than the daily or weekly cap for your journeys (adult fares) 🟡 Unlimited daily travel by bus for £5 a day pic.twitter.com/dOa8o96vqA
Well, similar to how customers currently travel on the Metrolink, passengers will be able to use their bank card or smart payment device to touch in on all Bee Network bus services, and rest assured knowing that they will only be charged the lowest fare up to the daily cap of £5, or the new weekly cap of £20.
Under the new system, people travelling by Bee Network bus will simply ‘touch on’ as they board the service.
Not only that, but passengers will also be able to travel across both Metrolink and Bee Network bus services at the same time, and only be charged a single multi-modal fare, instead of having to plan or buy tickets in advance – which is similar to travelling in London.
Passengers who use both Bee Network bus and Metrolink can use pay as you go for unlimited all-day travel across Greater Manchester, which is expected to cost a maximum of £9.50, or £7.80 if you start your journey after 9:30am or at weekends.
Journeys will be cheaper if travelling across fewer Metrolink zones.
For the time being, TfGM has confirmed that pay as you go travel will operate with adult fares only, but this may be rolled-out to others in the future.
“Pay as you go will be launching across Bee Network buses to build on the system that has been in place on the Metrolink since 2019,” explained Greater Manchester Mayor Andy Burnham.
“This is a massive step forward in terms of delivering a London-style transport network for the people of Greater Manchester, putting our region on par with not only the capital, but also major cities across the world that offer seamless integrated travel by public transport.”
Mr Burnham also said it’ll be “affordable and easier to pay for”, and will ultimately “take the worry out of choosing the right ticket”.