Cornerstone Place

Cornerstone Place is a unique social enterprise dedicated to supporting homelessness charities by providing purpose-built housing solutions. The company operates in the social housing market, specifically targeting charities that assist homeless individuals. Cornerstone Place's innovative business model involves gifting part ownership of newly developed housing to these charities. This approach not only strengthens the charities' balance sheets but also generates a sustainable income stream for them.

The company collaborates closely with its charity partners to develop customized property solutions. By sharing any rental surplus with these partners, Cornerstone Place ensures that the charities can deliver more and improved services to their clients. This shared ownership model is designed to enhance the financial stability of the charities without requiring them to tie up their financial reserves.

Cornerstone Place makes money through the development and rental of these properties. The income generated from renting out the housing units is partially shared with the charity partners, creating a win-win situation. This model not only provides immediate financial benefits but also contributes to the long-term sustainability of the charities involved.

The company has been recognized for its impactful work, having been shortlisted for awards by Social Enterprise UK (SEUK) and selected for Big Society Ideas for Impact Funding. These accolades highlight Cornerstone Place's commitment to creating sustainable social change and benefiting society.

In summary, Cornerstone Place is a social enterprise that provides housing and financial support to homelessness charities through a shared ownership model, enhancing their ability to serve their clients while ensuring financial stability.

Keywords: social enterprise, homelessness, charities, housing solutions, shared ownership, rental income, financial stability, bespoke property, sustainable change, Big Society Capital.