TEN NORTH EAST CHARITIES AWARDED VIRGIN MONEY FOUNDATION GRANTS WORTH OVER £328,000
- Ten projects will benefit from £382,109 in new awards from The Virgin Money Foundation’s North East Fund
- South Shields charities Bright Futures and Action Station amongst the recipients
- Grants are focused on supporting projects which promote youth employment within the region
The Virgin Money Foundation has announced a new round of grants from its North East Fund, awarding £382,109 to benefit charities across the region.
Ten different charities from across the North East will benefit from the new grants, with funding to support a variety of different projects, many of which are focused on generating youth employment.
The organisations receiving funding in South Shields include Bright Futures and Action Station South Tyneside.
Helen Bowman, Managing Director, Bright Futures said:
“We would like to thank the Virgin Money Foundation for their continued support to Bright Futures, providing us with a grant to help us to provide intensive support to young women between the ages of 16-25 across South Tyneside to help them into sustained employment.
Not only does the Foundation provide grant funding but we have also benefited greatly through the extra ongoing support that is available to organisations. We are very proud of our relationship with the Virgin Money Foundation and are looking forward to working with them in the year ahead.”
Hazel McCallion, Chief Executive, Action Station South Tyneside said:
“We are extremely grateful for the support provided by Virgin Money Foundation and the grant will be used to support young adults into sustainable employment. We are looking forward to launching the project and aiming to achieve great outcomes for the young people we will be working with.”
Nancy Doyle-Hall, Executive Director, Virgin Money Foundation said:
“What a great way to kick-off 2019 by announcing our latest round of North East grants. Many of the new grants are focused on empowering young people across the region in their quest for employment, which will help to make a real difference to communities across the North East.”
The latest grants bring the total level of awards made by The Virgin Money Foundation to over £6.8 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.
Tel: 0191 279 4676
NOTES TO EDITORS
Full list of all new awards made from The Virgin Money Foundation’s North East Fund
|YMCA North Tyneside||North Tyneside||£49,232|
|Oasis Community Housing||Gateshead||£50,000|
|Redcar and Cleveland Voluntary Development Agency||Tees Valley||£32,087|
|Action Station South Tyneside||South Shields||£38,718|
|Bright Futures||South Shields||£49,969|
|Southwick Neighbourhood Youth Project||Sunderland||£35,258|
|Tees Music Alliance||Stockton||£29,760|
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.