Big changes start locally

Virgin Money Foundation announces its latest round of awards

VIRGIN MONEY FOUNDATION ANNOUNCES ITS LATEST ROUND OF AWARDS

  • 12 projects across the North East will benefit from grants of up to £50,000 each in the latest round of funding
  • Grants focused on projects that support young people find employment and helping the homeless

The Virgin Money Foundation (the ‘Foundation’) has announced its second round of grant awards this year to charitable organisations across the North East. This latest round of grants brings the total awarded during 2016 to almost £1 million.


The Foundation, which is funded through donations from Virgin Money and the Cabinet Office, invited applications for grants of up to £50,000 from community projects within the region. Applications were judged against a range of criteria including overall impact, job creation and innovation.


Grant recipients in the second round of funding include:


Youth Almighty Project:

Based in Silksworth in Sunderland, the Youth Almighty Project was set up in 2008 by local volunteers to provide a place for young people to meet and learn. Today the project has its own base and organises a range of daily activities for the attendees. An award of £31,190 will provide much needed funding to set up a new programme helping young people who are not in employment, education or training to secure employment.


Joanne Laverick, Project Manager at Youth Almighty said:

“Youth Almighty Project are delighted to receive an award from the Virgin Money Foundation to support vulnerable young people become work ready and find suitable employment. We are looking forward to starting the project in the New Year and making a real difference to their lives.”


North Tyneside YMCA:

As well as running a large, well-equipped gym, providing training and education and support to families and young people, North Tyneside YMCA also provides emergency accommodation for young homeless people, many of whom have just left local authority care.


Dean Titterton, Chief Executive Officer at North Tyneside YMCA said:

“We can't thank the Virgin Money Foundation enough for their support in helping YMCA to transform the lives of young people in North Tyneside. This valuable support and funding will help them to gain the traction they need to achieve their ambition of a safe, settled secure home.”


Details of all 12 grant recipients are provided in Notes to Editors.


Nancy Doyle, Executive Director of Virgin Money Foundation, said:: “Awarding these grants to fantastic projects across the North East is a great way to end 2016. The funding will enable youth clubs to support young people into employment, homelessness organisations to move clients into sustainable tenancies and the creation of new exciting social enterprises.”


Since launching in 2015, the Virgin Money Foundation has awarded almost £2 million in grants to charitable organisations across the North East.

ENDS

Media contact:

Tel: 0191 279 4676

E-mail: press.office@virginmoney.com


NOTES TO EDITORS

List of all grants
Barnardo's Across Tees Valley £39,695
Blue Watch Youth Centre Sunderland £27,915
Centrepoint Across Tyne & Wear £49,310
Oasis Aquila Housing Gateshead £46,940
Oxclose and District Young People's Project Sunderland £47,286
Linskill and North Tyneside Community Development Centre North Tyneside £28,750
Pennywell Youth Project Sunderland £40,000
South Tyneside Training and Enterprise Network Ltd South Tyneside £47,723
Street League Middlesbrough £37,068
YMCA Newcastle Newcastle £50,000
YMCA North Tyneside North Tyneside £41,393
Youth Almighty Project Sunderland £31,190

About Virgin Money Foundation

  • The Virgin Money Foundation was launched in August 2015 as a new, independent charitable foundation that will focus initially on community projects in the North-East of England, and over time will grow to operate nationally.
  • It will promote the sustainable regeneration of economically and socially deprived communities in the UK. This will include 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 entire running costs of the Virgin Money Foundation are met by Virgin Money; as such, 100% of donations – including £8m over 4 years contributed by Virgin Money and by the Cabinet Office – will go towards helping the Foundation to achieve its charitable objectives.

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