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Provider secures £15m funding package to accelerate homelessness prevention work
HSBC UK will provide The Housing Network with £15m to support the continued growth of its homelessness prevention and supported accommodation services across the country.
Provider secures £15m funding package to accelerate homelessness prevention work #UKhousingThe revolving credit facility will allow the national provider to respond to rising demand, invest in additional housing supply and manage its cashflow.
The Housing Network works with more than 100 local authorities to deliver high-quality temporary, supported and long-term accommodation.
Established in 2014, the organisation manages over 1,600 properties across the UK, including self-contained units, supported shared homes and specialist accommodation for people with additional needs.
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The cash will support further investment in housing supply, service delivery and long-term partnerships, ensuring more 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, to help ensure that more communities benefit from sustainable homelessness prevention services in the years ahead.
This finance package comes after the latest government figures revealed last week that the number of people sleeping rough on a single night in England has reached a record high of 4,793.
This is the fourth annual increase in a row, a rise of 3% since 2024 and of 171% since 2010, when the data collection began. In addition, monthly estimates show that 9,194 people were sleeping rough over November 2025.
According to the latest snapshot, 43% of all people sleeping rough on a single night are in London and the South East.
The government also announced £50m of funding last week to help councils and organisations tackle rough sleeping.
New figures on statutory homelessness in England between July and September last year revealed that the number of households in temporary accommodation is at record levels.
There were 134,760 households in temporary accommodation at 30 September 2025, up 7% from the same point in 2024.
The £50m of extra investment will be split across two programmes and will help meet the national target to halve long-term rough sleeping by the end of this parliament, the government said.
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