Helena injected £12 million into the St Helens economy (From St Helens Star)
Send us news by text, start your message Star News and your send photos and videos to 80360
Helena injected £12 million into the St Helens economy
11:00am Friday 8th February 2013 in News
Helena injected £12 million into the St Helens economy
HELENA Partnerships injected more than £12 million into the St Helens economy last year.
That contribution formed part of a £4.3 billion economic boost to the north west by housing associations – including Helena – according to new research.
A study commissioned by the Northern Housing Consortium found social housing providers own more than half a million homes across the north west and support 39,000 jobs.
Their spending on repairs, construction and community investment activities also injects billions into the local economy.
Rob Young, chief executive at Helena, told the Star: “With Britain’s economy struggling, it’s encouraging to see the positive impact our investment has in St Helens and further afield across the north west.”
In 2011/12 Helena injected £12 million directly into the St Helens economy through its expenditure and invested a further £1 million into community activities, which were accessed by 31,000 local residents and supported by 700 volunteers.
