North East Fund
In 2015, the Virgin Money Foundation launched the North East Fund, delivered with funding from the UK Government. Between August 2015 and November 2018, we invited applications from community organisations working to promote long-term change in those North East neighbourhoods that need it the most.
We funded organisations that:
- Help young people find and keep a job.
- Enable people at risk of homelessness to secure a home.
- Develop new and ambitious community enterprises, providing a social and economic benefit.
The North East Fund awarded grants between £10,000 and £50,000 to cover the running costs of these initiatives. Between 2015 and 2019, we awarded over £4 million to 78 community organisations.
43 awards, totalling £1,639,913, were made to organisations working with people experiencing homelessness. 50 awards were given to organisations supporting young people into work, with a total of £1,900,966. 21 awards, totalling £727,159, were offered to social enterprises.
The North East Fund is now closed.