We know there are many enterprising people out there doing great things to transform the places they live in and love. We've been inspired by some of the work already underway in communities, making a long lasting difference to people's lives.
The Virgin Money Foundation was established with funding from the UK Government and Virgin Money. Its ambition is to find and support people and organisations who want to make a real difference where it is needed most, transforming lives and re-energising communities.
Currently Virgin Money Foundation supports charities in the following ways:
Heart of the Community Fund
We love helping local communities thrive, so every two months we're working with the Virgin Money Lounges in to give three local charities the chance to receive £1,000 – with awards of £500 and £250 for two runners-up.
The awards go to the charities with the most votes from Virgin Money customers and Virgin Money Lounge members. There is a voting unit in the Lounges and visitors can pick up a small red heart when they visit, to put into the tube named with the charity they'd most like to support.
The Heart of the Community Fund is in its pilot phase and will be rolled out across all Virgin Money Lounges during 2018.
North East Fund
The Foundation has awarded over £3million of funding to charities and social enterprises in the North East of England working in three key areas: The provision of affordable housing to those facing homelessness; support for young people to gain sustainable employment and the generation of new social enterprises. The North East Fund is now in its fourth funding year.
Through the Ripple Fund the Foundation works with organisations seeking investment in projects that make a real and long-term difference to areas of deprivation across the UK. Since launching the Ripple Fund we have awarded over £1.5 million.
The #iwill Take Action Fund
The Virgin Money Foundation is match funding £850,000 from Big Lottery Fund to create a £1.7million, three year #iwill Take Action Fund. The #iwill Take Action Fund supports organisations in the North East of England who support young people to make big changes to their community through volunteering, fundraising or campaigning on issues that matter to them. The Fund launched in 2017 and so far we have awarded over £1million through this fund.
Non Financial Support
Harnessing the skills and motivation of the staff throughout Virgin Money, the Foundation brokers non-financial, skill based support for charities in receipt of a Virgin Money Foundation grant to meet a specific stated capacity building need. For more information, visit the Virgin Money Foundation website