Trident‘s ‘five Fs’ framework for forging flourishing futures
Published by Dawn Prentice for Dawn Prentice Communications in Communities and also in Care and Support, Education, Environment, Health, Housing
Mike Pritty, Chair of Trident Social Investment Group
In follow up to the launch of Trident’s first set of social accounts, Trident renewed its commitment to resident and community involvement and mutualism earlier this week, at a celebration of the Group’s social value work in the Library of Birmingham.
The audience, made up of over 80 national housing professionals, business leaders in the West Midlands and local residents, applauded Trident’s social investment ethos and inclusive approach.
The social accounts appropriately titled, ’Exceeding Expectations’, evidence Trident’s commitment to tackling the consequences of austerity measures, welfare reform and poverty. Headlines include:
Trident’s economic impact of £100m+ (2010-2012)
Community investment of £1.2m
Social value = £7m - SROI higher for some services (£1 generates £2-£3 homeless and money advice services)
As well as providing homes to 6,000 people across the Midlands, many of whom are the most vulnerable, the recently transformed Trident Social Investment Group includes housing associations, charities and social enterprises, placing a social investment ethos and collaborative community working at its core.
To enable Trident to fulfill its mission as a social investment group, it has already undertaken a wide range of evaluation, involvement and consultation activities. These include consultation with stakeholders - residents and service-users, partners and staff, all of which have been triangulated by research partner, the Human City Institute.
Mike Pritty, Chair of Trident Social Investment Group said, ‘The delivery of Trident’s Social Investment Strategy will require greater involvement of residents and communities via co-production and co-operation and, will result in a variety of support services that are value for money and ensure improved quality of life for residents and increase their life chances. The strategy focusses on ‘5 Fs’: Fuel, Food, Furniture, Finance and Futures, because this is what our residents tell us they want.’
John Morris, CEO of Trident Social Investment Group said:
‘As it says in Trident’s Corporate Plan, for us to deliver our Social Investment Strategy we will need to adopt ‘community gateway’ principles, create tenant management organisations (TMOs), food co-ops and social enterprises, as this will enable us to maximise social value and have a significant impact on local economies, communities and the environment.’