NORFOLK CHARITIES TO BENEFIT FROM NEW £500K GRANTS PROGRAMME
- £500,000 of funding from The Virgin Money Foundation will support charity projects across Norfolk
- The ‘Making a Splash’ fund will help charities to develop new initiatives and sustainable enterprises focused on regeneration
The Virgin Money Foundation has launched its first grants programme to support charitable organisations across Norfolk with £500,000 in new funding.
The ‘Making a Splash’ fund will support charities across Norfolk in developing new initiatives and enterprises focused on regenerating deprived communities.
The fund, which is being operated in collaboration with groups including Community Action Norfolk, is now open to applications for grants of up to £50,000 each.
The aim of the grants is to underpin the design and launch of new initiatives that can make a positive difference to communities in Norfolk.
The Virgin Money Foundation offers additional support to charities beyond grant awards. Each successful charity will also be able to take advantage of skilled volunteers and mentoring to fill skills gaps and increase capacity.
Nancy Doyle, Executive Director of The Virgin Money Foundation added:
"We are delighted to launch the ‘Making a Splash’ programme which will see charities across Norfolk benefit from £500,000, alongside mentoring and non-financial support. Throughout Norfolk, which is where Virgin Money was born, there are social innovators with a strong, enduring commitment to the community. Through this fund we want to support them to develop their ideas into new sustainable initiatives that regenerate the places they live and work in."
“We know from charities we have worked with in others areas of the UK that the grants they have received when coupled with the input of skilled volunteers who have donated their time, have enabled them to test and develop new and innovative ideas to benefit the community as a whole.”
Jonathan Clemo, Chief Executive at Community Action Norfolk said:
“We are really pleased to be working with the Virgin Money Foundation on this exciting new initiative. We see the Making a Splash programme as bringing much needed investment into Norfolk as well as acting as a catalyst for new ideas and ways of thinking about the challenges local communities face.
“All Voluntary and Community Social Enterprise (VCSE) organisations need to think about how they can be more enterprising either with how they deliver social benefit or the ways in which they secure the resources needed to deliver their services. I want to see Norfolk at the forefront of social innovation, building on the significant assets we have within our large and diverse VCSE sector.”
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. The Foundation promotes the sustainable regeneration of economically and socially deprived communities in the UK. This includes supporting social entrepreneurship, providing investment in community housing, as well as investing in projects designed to relieve youth unemployment.
The Virgin Money Foundation
Press Office - firstname.lastname@example.org T: 0191 279 4676
NOTES TO EDITORS
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.
- Virgin Money funds the running costs of The Virgin Money Foundation Ripple Fund and North East Fund. This helps to ensure that 100% of donations to the Foundation - including £8 million over 4 years contributed by Virgin Money, the Cabinet Office and the Department for Digital, Culture, Media and Sport - go towards helping the Foundation to achieve its charitable objectives.