The Deposit Protection Service (The DPS) is giving tenants the option to pass on interest from their deposits to a homelessness charity, with £37,500 donated so far.

Its newest charity partner, St Mungo’s, has frontline teams that find people experiencing homelessness and help them access safe and warm emergency accommodation, from which they can receive further support and begin rebuilding their lives.

Tenants can contribute to supporting the organisation at the point their deposit returns to them, and the DPS will facilitate those interest-earned donations throughout the next 18 months.

Laura Herring, Director of Fundraising and Communications at St Mungo’s, said: “We are so grateful to The Deposit Protection Service (The DPS) for the amount of money they’ve already enabled their tenants to donate so far.

“With record numbers of people experiencing homelessness, it is vital that we can reach as many as possible and support them in rebuilding their lives. The DPS’s support will help us to do exactly that.”

Staunch support

Matt Trevett, Managing Director at The DPS, said: “We’re very pleased to offer tenants the opportunity to choose to donate the interest on their deposits to an organisation that supports those without somewhere to live.

“The DPS has been a staunch supporter of charities in the homeless sector since we were founded, and it means a lot to all of our team to be able to facilitate more funding for some of the most vulnerable in society, particularly at this time of year.”

The partnership with St Mungo’s also aims to support meaningful change in local communities across the country, particularly in Bristol, where the deposit protector is headquartered.