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Business still thriving.


A SCHEME to sell on second hand furniture - established when a former steel town was devastated by the loss of thousands of jobs - is thriving in the credit crunch Credit Crunch

An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers.
.

Bosses at Consett YMCA YMCA
 in full Young Men's Christian Association

Nonsectarian, nonpolitical Christian lay movement that aims to develop high standards of Christian character among its members.
 in County Durham “Durham county” redirects here. For other uses, see Durham County.

County Durham is a county in north-east England. It can be used to refer to 4 different entities:
  • the historic County of Durham
  • the administrative county of Durham
 collect unwanted furniture and sell it either from a town centre shop or from a store on the outskirts of the town.

And the YMCA chief executive Billy Robson said the current recession has lead to an increase in the demand for second hand goods.

Mr Robson said: "Over the last year there has been a significant increase in the number people in crisis seeking help. Reasons for this range from being caught in the poverty trap poverty trap
Noun

the situation of being unable to raise one's living standard because any extra income would result in state benefits being reduced or withdrawn

Noun 1.
 through unemployment, low wages to social problems and changing family values and structures. Furniture is donated by the general public. Some of it requires small repairs, which are carried out on the premises.

"Working closely with Social Services, the district council housing department, CAB, Durham Mental Health, social services, probation, voluntary agencies and others the Furniture Project counsels and makes help available immediately with the provision of basic items of furniture and bedding that makes a secure home base for individuals and families, that can be added to.

"This first contact is often the difference between total despair and taking hold on a new beginning, giving a start to a new life."

The project deals with an average of 60 inquiries per day.
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Publication:The Journal (Newcastle, England)
Date:Dec 13, 2008
Words:236
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