We are driven by an ambition to make a real and sustainable difference towards the regeneration of deprived communities.
For Virgin Money, the establishment of the Virgin Money Foundation is the latest demonstration of its ambition to "make everyone better off" - an ambition around which its entire business is built.
The UK Government has committed £4 million of funding - £1 million per year for four years - to be granted through the Foundation to support charitable projects in the North East of England. Virgin Money is matching the Government donation. This means that the Foundation has £8 million of committed funding.
Nancy worked in the charity sector for 15 years before joining Virgin Money Foundation as its Executive Director, latterly as Chief Executive of Oasis Aquila Housing, a homelessness charity based in the North East.
She brings extensive knowledge of the role that charities play in effecting change in local communities and in delivering vital services. Nancy is Vice Chair of VONNE and a Visiting Fellow of St John’s College, Durham.
Richard is responsible for managing the application process and building constructive relationships with our beneficiaries.
Richard has over twenty years experience in the sector working for both charities and funders. He has a particular interest in Social Investment and sits on the Board of The Key Fund in Sheffield. He holds an honours degree from Leeds University and a Masters in Urban Policy and Regeneration from Northumbria University.
Rachel provides a range of grant making support to the Foundation.
Rachel previously worked at Future Builders England, a social investment fund, before spending eight years working at Northern Rock Foundation. She holds an honours degree from the University of Northumbria and a Post Graduate Certificate in Grantmaking, Philanthropy and Social Investment from Cass Business School, London.
Amy is the first point of contact for the Foundation and looks after our administrative systems.
Amy previously worked for Virgin Money and brings seven years of administrative experience, including roles within the charitable sector in the North East.
Overseeing the Foundation, our Trustees bring a wealth of experience and skills to the team.
Edward Wakefield is an investor and entrepreneur. He has twenty years of experience providing independent advice to corporations on mergers, acquisitions and other financial and strategic matters. Edward is a graduate of Durham University.
Stephen has 30 years' experience as a lawyer in both private practice and large corporations. He joined Virgin Money as General Counsel in 2010 and in 2014 he moved to an advisory role, focusing on Banking Standards and Social Enterprise. He is a Trustee of Leuchie House, a Scottish charity providing residential respite care to people with disabling illnesses.
Tim is an Investment Director at Numbers for Good, a leading social investment organisation. He has extensive experience working across the voluntary, public and social sectors including at the Cabinet Office and as a Director at the Big Lottery Fund. He is on the Executive Board of Food Newcastle and has acted as a mentor at the School for Social Entrepreneurs.
From other Virgin Group initiatives to alternative funding options, there's more than one way to get your idea off the ground.