Tritax Big Box REIT PLC (“the Company” or “Tritax Big Box”), a specialist investor in UK supply chain real assets, today announces it has become a silver patron of The Prince’s Trust.
Tritax Big Box has committed £450,000 to The Prince’s Trust over the next five years to support 1,200 young people in education. This will be directly targeted at 11-16 year olds in areas around Tritax Big Box’s assets where needs are greatest.
Working together, the focus is to help children of secondary school-age experiencing challenges to reach their full potential – whether they are struggling in mainstream education, or dealing with issues such as mental health, insecure housing or economic uncertainty. Our funding of education programmes will help these young people to develop their wellbeing, skills for life and employment aspirations, through learning, mentoring and training. It will also give them access to and understanding of opportunities within the logistics and real estate sector.
In April 2024 Tritax Big Box committed to investing £2 million+ in education, skills building and personal development opportunities over the next five years – supporting 250,000 people from primary school age through to tertiary education and employment through the newly formed Social Impact Foundation. It is already working with Schoolreaders to open up opportunities within education in areas where Tritax Big Box has assets; The Prince’s Trust will be its newest partnership.
Speaking about the partnership, Alan Somerville, ESG Director, Tritax Management LLP, commented: “At Tritax Big Box, we are focused on ways we can deliver meaningful social impact within the communities we operate in. A big part of this is to open up the logistics industry to raise awareness of opportunities and give young people from primary school age upwards the skills, mentoring and training they need to fulfil their potential.
The Prince’s Trust has a proven track record in building the confidence of young people and helping them to gain qualifications. This, and their shared passion for supporting those who couldn’t otherwise access education programmes, makes them a perfect partner.”
Cat Crowther, Head of Education at The Prince’s Trust said: “We are thrilled to welcome Tritax as a Silver Patron of The Prince’s Trust, supporting young people through our education programmes at a time when the need has never been greater. With their help we are determined to reach those needing additional support to develop the skills and confidence to realise their potential. I am excited for what we can achieve through this partnership over the course of the next five years.”
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FOR FURTHER INFORMATION, PLEASE CONTACT:
Kekst CNC (Communications Advisor)
Guy Bates / Tom Climie
07581 056 415 / 07760 160 248
About Tritax Big Box REIT plc
Tritax Big Box REIT plc (ticker: BBOX) is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK. Tritax Big Box is committed to delivering attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade tenants on long-term leases with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity provided by the imbalance between strong occupational demand and constrained supply of modern logistics real estate in the UK.
The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies (REIT), is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.
About The Prince’s Trust
The Prince’s Trust believes that every young person should have the chance to succeed, no matter what their background or the challenges they are facing. We help those from disadvantaged communities and those facing the greatest adversity by supporting them to build the confidence and skills to live, learn and earn.
The courses offered by The Trust help young people aged 11-30 to develop essential life skills, get ready for work and access job opportunities. We support them to find work because having a job or running a business can lead to a more stable, fulfilling life.
Since The Trust was founded by HM The King in 1976, when he was HRH The Prince of Wales, we have helped more than a million young people across the UK, and three in four of those we supported over the last five years have moved into work, education or training.
We are committed to enabling even more young people to create a better future for themselves. By helping young people today, the benefits for them, their communities and the wider economy will be felt for years to come.
Further info rmation about The Prince’s Trust is available at princes-trust.org.uk or on 0800 842 842.
