Burnley

Business

Lifestyle

Bondholders form a partnership to provide furniture and ethical finance

Bondholder Spacious Place Engage Ltd recently opened SPE Furnishings on Briercliffe Road, where they sell branded furniture with up to 75% off retail prices, and electrical goods sourced through Coop Electricals. Paint is also provided as part of the nationwide Community RePaint scheme. Pennine Community Credit Union who are also part of the Bondholder scheme are instore to offer ethical finance which aims to provide an alternative to the pay weekly stores found in the town.

 

Ethical lending and a desire to eliminate food poverty in Burnley are the cornerstone principles of a community group still striving to help vulnerable people in the town. Dedicated workers at Spacious Place Engage, a Social Enterprise, have spoken about their ongoing commitment, which has now extended to providing vastly reduced essential items for families, and a desire to reduce the need for food banks.

 

Managing director Mark Hirst explained his desire to provide an alternative to the high interest “rent to own” stores in Burnley, which he believes are forcing families into debt and to use food banks.

 

He said: “We have been in Burnley for eight years now, in various forms, and the food bank has been a key part of what we provide. However, we want to get to the stage where there is no need for a food bank. Our food bank is a home delivery service, not a drop-in and we engage with the people referred and try to find out the reasons why they need to use us, with the aim of eliminating those reasons.”

 

“New Famous Name items arrive each week and our ranges suit all tastes and consider all budgets. With over 500 items in store, many of which can be taken away or delivered next day, a trip to SPE Furnishings is available for the whole community and provides a shopping experience like no other, with the added benefit of every purchase supporting the Community”

 

An estimated 50 million litres of paint sold in the UK each year goes to waste. As part of Community Re-Paint, the store collects leftover paint from tradespeople and manufacturers, and sells on the paint which otherwise would have gone to waste disposal.

 

The Pennine Community Credit Union, offering ethical loans and savings to the whole community, is also based in the same building.