Big changes start locally

Half a Million Reasons to be Cheerful for 16 North East Charities

HALF A MILLION REASONS TO BE CHEERFUL FOR 16 NORTH EAST CHARITIES

  • 16 projects will benefit from £536,269 in new awards from The Virgin Money Foundation’s North East Fund
  • Tyneside charity Foundation Futures amongst the recipients
  • Grants are focused on supporting a variety of community projects within the region

The Virgin Money Foundation has announced a new round of grants from its North East Fund, awarding £536,269 to benefit 16 charities across the region.

The funding will support a variety of different projects, many of which are focused on improving the lives of vulnerable youngsters.

The organisations receiving funding in Tyneside include Foundation Futures Community Interest Company.

Foundation Futures Community Interest Company (FF) was set up by two specialist teachers and primarily works with small groups of young people who have been excluded from school. Recognising that those young people also need support once they have completed the programme to get into work or to get into an apprenticeship FF ran an additional programme over the summer of 2017. The award from the Foundation for £45,530 is to scale up the programme to work with 30 young people, it expects 25 to get into sustained employment.

Sue Davison, Co-Founder of Foundation Futures CIC said:

"It is fantastic to get an award from the Virgin Money Foundation to extend the work we do with some of the most "at-risk" and vulnerable young people in the North East. They are all full of untapped skills, talent and potential, a place on this programme will enable us to provide the support they need into meaningful work and to confidently transition into leading positive adult lives."

Nancy Doyle-Hall, Executive Director, Virgin Money Foundation said:

“The final 16 grants awarded through the North East Fund recognise brilliant local charities working to provide housing, support young people into jobs and set up new social businesses. Over the 4 years of awarding grants through the North East Fund we have awarded over £4.2million in over 100 grants to organisations all across the North East. We are grateful to the UK government for their investment in this fund and to the charities who used the funds to make a significant difference to their community.”


The latest grants bring the total level of awards made by The Virgin Money Foundation to over £7.6 million since it launched in August 2015.

The Virgin Money Foundation offers additional support to charities beyond grant awards. Each successful charity will also be able to take advantage of pro-bono support, training or mentoring from colleagues at Virgin Money. Charities benefit from the expertise that this opportunity presents, as it enables them to fill skills gaps they may have in a particular area.


ENDS

Media contact:

Tel: 0191 279 4676

E-mail: press.office@virginmoney.com


NOTES TO EDITORS

Full list of all new awards made from The Virgin Money Foundation’s North East Fund
A Way Out Stockton £42,300
Changing Lives Sunderland £49,950
Coatham House Redcar £36,850
Community Campus 87 Ltd Across Tees Valley £42,525
East Durham Community Initiative Durham £20,000
Edberts House Gateshead £33,565
Foundation Futures CIC Tyne and Wear £45,530
Fourth Action Northumberland £15,443
Handcrafted Projects County Durham £47,620
Justice Prince CIC North Tyneside £44,000
My Sisters Place Middlesbrough £30,000
Patchwork Project Newcastle £46,974
People and Drugs Northumberland £10,364
South Tyneside Churches Key Project South Tyneside £18,142
Wearside YMCA Sunderland £49,036

About Virgin Money Foundation

The Virgin Money Foundation launched in August 2015 as an independent charitable foundation focused initially on community projects in the North-East of England, and growing to operate nationally over time. It promotes the sustainable regeneration of economically and socially deprived communities in the UK. This includes providing investment in community housing and building projects, promoting opportunities for youth work and training, as well as investing in projects designed to relieve unemployment.

The Foundation is funded through donations from Virgin Money (a wholly-owned subsidiary of CYBG Group), the Department for Digital, Culture Media and Sport and the Big Lottery Fund. Virgin Money funds the majority of The Foundation’s running costs, which helps to ensure that 100% of donations go towards helping The Foundation to achieve its charitable objectives.

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