Details of a multi-million pound charity donation by a foundation established by THG founder Matthew Moulding and his wife have been revealed.
The Moulding Foundation is to provide £3.5m to support the construction of the Embassy Village in Manchester – a new safe and secure community for the city’s homeless and vulnerable men.
The project will provide 40 new homes and transforms a derelict site below the railway arches between the Bridgewater Canal and River Irwell.
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The scheme will also include a village hall, lots of green space, mini allotments to grow vegetables and a multi-use sports area.
The donation was reported by BusinessLive at the start of July when the THG chief executive sold a number of shares in the Manchester group.
Manchester-based charity Embassy has worked with regeneration business and landowner Peel L&P, Capital & Centric and a pro bono team across the Manchester business community to develop the village and secure planning approval from Manchester City Council in July last year.
Jodie Moulding, founder and trustee chair of the Moulding Foundation, said: "We are hugely proud to be supporting Embassy Village with this incredible project, helping to reduce homelessness in Greater Manchester.
"The village will be transformational; in addition to safe housing, it will give residents the life skills, community support and access to the resources needed to lead thriving and healthy lives.
Embassy's Sid Williams added: "To receive this extremely generous donation from The Moulding Foundation is just incredible and puts us in a position to get the village built sooner than we had expected.
"The latest government figures show that Manchester has the second highest number of people sleeping rough in England.
"This project is critical in helping us transform the way homelessness is tackled in our city, providing a long-term and sustainable solution.
"We’re creating a supportive community where we help our residents into work and get used to managing a home, and this means we’ll be able to help four times as many people as we currently do. However, this means our running costs will double so we still need the ongoing support of the amazing Manchester community."
The donation from the Moulding Foundation will fund the construction of the project, which will start later this year and is expected to complete in 2023.
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