About Student Co-op Homes
Existing student housing co-ops across the UK have come together to form Student Co-op Homes, with the support of The Phone Co-op Foundation for Co-operative Innovation and Co-operatives UK.
Experience from other countries, such as the US and Canada, shows that creating a national organisation to support student groups and to facilitate property acquisition was the game-changer that catalysed the growth of a thriving student housing co-op movement.
SCH enables student housing co-ops across the UK to combine their assets and resources into a central organisation, allowing them to raise finance for new projects, to share risk, to build strong and long lasting partnerships, and to self-finance growth in the long run. As SCH acquires more properties and grows its asset base, it will become easier to raise finance to expand.
Others have rallied to support the launch of Student Co-op Homes. The Midcounties Co-operative Society and East of England Co-operative Society have recently committed to contribute to the running costs of Student Co-operative Homes with £6,000 each per year for three years. Scotmid Co-operative has also agreed a loan to SCH towards the purchase of a property for the Glasgow Student Housing Co-operative Student Housing Co-operative. After the initial phase of setting up the organisation and gathering early supporters, SCH are now seeking capital to start acquiring properties
SCH has three student groups ready to take on properties—in Nottingham, Glasgow and Brighton—as well as groups in development in Leeds, Manchester, Stirling, Guildford, Belfast and Bristol, and expressions of interests in several other cities. Today, cash-rich landlords and offshore investment funds are able to move quickly to secure any new properties that come on the market in areas where students live. To overcome this difficulty, SCH have a plan and need your help!