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Charity Taroe Trust rescued by £210,000 funding from Fusion 21
Taroe Trust, the charity which supports tenants, has been thrown a lifeline after a £210,000 injection of funding from procurement group Fusion 21.
The charity, which formed in 2013, announced in July it would close after long-running financial issues.
But this week, Taroe said it will now be able to continue for “at least another three years” thanks to the funding from Fusion 21.
Inside Housing understands that the money is a grant, so Taroe will not need to pay it back.
Taroe Trust, which was previously known as Tenants and Resident Organisations of England, offers free advice to tenants and aims to help resolve issues they may have with their landlord.
Michael Gelling, chair of Taroe Trust, said: “We have had to operate on a shoestring for the past couple of years, and this funding means that we should now be able to properly invest in creating a platform where tenants can highlight their experiences so that this can shape our priorities for change.”
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The charity said the money will be used to deliver on its new business plan and its ‘Manifesto for Change’.
Chris Murray, chair of Fusion 21, said: “Taroe Trust has a valuable role to play within the sector and we are delighted that they will continue to work for, and on behalf of, tenants and residents in the coming years.”
Fusion 21 operates a charitable parent which hands out grants to organisations in need.
It is not the first time that Taroe has faced threat of closure. In 2015, its future came under threat due to financial problems.
