Virgin Money Foundation

Virgin Money Foundation announces £450,000 in grants for North East

11 projects across the North East will benefit from grants of up to £50,000 each in the latest funding round. The projects supported are focused on helping young people find employment and helping homeless people find a home

The Virgin Money Foundation has announced that it has awarded its second round of grants to 11 charitable organisations across the North East region, with a total of over £450,000 being awarded.

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:

Bright Futures

Based in South Shields, Bright Futures provides support to the most vulnerable young women and their children. Last year the project developed a programme to help young women gain employment. It has been awarded £38,696 to expand this programme.

Bright Futures

Helen Bowman, Joint Project Manager at Bright Futures said:

The award from Virgin Money Foundation will allow us to help vulnerable young women to stand on their own two feet and get into work.

The 700 Club

The 700 ClubBased in Darlington, the 700 Club provides help and support to homeless people in the town.

An award of £36,763 will fund the Bridge2Home project. This is a bond scheme which has been running in various guises in the town for the last 20 years.

By providing a bond as an alternative to a deposit and by working with a number of local landlords, it enables people who are homeless, or living in emergency accommodation run by the charity, to access good quality rented accommodation.

John Elliston MBE, Chief Executive of the 700 Club said:

To have access to safe, secure and appropriate accommodation is life changing. The Virgin Money Foundation grant of £36,763 will enable the 700 Club to give that gift to so many!

Nancy Doyle, Executive Director of Virgin Money Foundation:

We received a very strong response from good causes across the North East to our second round of funding, and we are delighted to award over £450,000 to help people deliver real and sustainable changes within some of our communities that need it most.  We look forward to working with the charities receiving the funding to help ensure their projects deliver the best possible results.

This second round of grants from Virgin Money Foundation follows the first round of grants totalling almost £1 million which were announced in December 2015 and which supported 26 local projects.

700 Club£36,763Darlington
A690 Youth Initiative£41,733Sunderland
Actes Trust£24,159Across Tees Valley
Action Foundation£48,931Across Tyne and Wear
Bright Futures£38,696South Tyneside
Coatham House£49,500Redcar and Cleveland
Community Campus 87 Ltd£39,510Across Tees Valley
Depaul UK£39,875South Tyneside
East Cleveland Youth Housing Trust£34,900Redcar and Cleveland
Emmaus North East£50,000South Tyneside
Hartlepool Citizens Advice Bureau£49,197Hartlepool

Find out more about the 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.