The funding has been structured as a £15m revolving credit facility, a flexible form of finance that allows the organisation to draw down funds as needed, repay them and access the capital again within an agreed limit.

This provides The Housing Network with the agility to respond to rising demand, invest in additional housing supply and manage cash flow effectively as it responds to demand for good quality housing and support for those facing homelessness.

The facility represents a significant milestone for the organisation and will enable The Housing Network to expand its partnerships with local authorities, strengthen its operational capacity and increase the number of individuals and families it supports each night.

The Housing Network works with councils and community partners to provide safe, secure accommodation and tailored support for more than 5,500 people every night who would otherwise be at risk of homelessness. Its model focuses not only on providing a roof over someone’s head but on delivering sustainable housing outcomes that help people rebuild their lives.

The £15m funding will support further investment in housing supply, service delivery and long term partnerships, ensuring more vulnerable people can access high quality accommodation alongside the practical and emotional support they need.

Gary Teper, chief executive of The Housing Network, said: “This funding marks a major step forward for The Housing Network and the people we support every day. Demand for homelessness services continues to rise and it is vital that organisations like ours have the financial backing to respond at pace and at scale.

“We are proud to work in close partnership with local authorities and community stakeholders to provide safe accommodation and meaningful support for thousands of individuals and families each night. This funding strengthens our ability to grow responsibly, deepen our impact and continue delivering more than just a roof. It allows us to focus on what matters most, helping people move towards stability, independence and a better future.”

The Housing Network will now work closely with its partners to deploy the funding in line with its growth strategy, ensuring that more communities benefit from sustainable homelessness prevention services in the years ahead.