The Peabody Communication Foundation has published its annual report for 2020/21, revealing just how much the pandemic has affected low-income families.
The organisation’s latest index found that one in three of working residents earn below the London living wage, with low pay, job loss, and fewer working hours.
This reduced the incomes of the working age residents on average by 38%.
Buying essentials is a struggle for the low income families, as one in five Peabody residents are taking out loans or are using their credit and are finding it difficult to pay it back.
The Foundation’s annual report shows how Peabody’s teams had to quickly mobilise to support residents, setting up the new Resident Wellbeing Programme to respond to critical needs of residents.
Peabody distributed over £1.25m in grants to support community organisations to respond to the impact of the pandemic and support the ongoing delivery of grassroots community groups.
This helped local groups to mobilise and respond to local priorities in an effective way.
Residents experiencing unemployment or furlough as a result of the pandemic were supported by Peabody’s tenant and family support and financial inclusion teams, with 2,500 people supported as a result.
Other key achievements for the fund in 2020/21 included:
• £8m invested to support residents and wider communities through the Peabody Community Foundation
• £1.25m in grants to support community organisations
• 850 Community and Peabody employee volunteers gave their time to make a difference to our communities
• 536 people supported into jobs and apprenticeships
• Over 21,000 welfare calls made to residents
• Over 7,000 emergency food parcels delivered to vulnerable residents
Stephen Burns, Peabody’s executive director of care and communities, said: “We are proud of the achievements of the Peabody Community Foundation and the incredible work that it has done in the past year to support some of our most vulnerable communities.
“Our teams have worked hard delivering vital services and developing their expertise and working with our partners to ensure that despite the restrictions, we continued to support our communities.
“We know that the challenges are far from over, but we are committed to supporting people living in our neighbourhoods through these challenging times.
“We will continue to work with our partners to innovate and adapt our services to ensure communities get the support they need when they need it.”
The Peabody Community Foundation aims to tackle key issues that affect communities including child poverty, homelessness, unemployment and violence affecting young people.
The Foundation’s vision is to ensure residents and communities are healthier, wealthier and happier, with the opportunity to realise their ambitions.
To deliver on this, the Foundation works at four levels: direct delivery, indirectly through partnership with others, mobilising the community, and working to achieve change at strategic level through our influencing activities.
Image: Yulia Grigoryeva / Shutterstock
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