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.
In 2015 the Virgin Money Foundation was launched with £8million of funding from the UK Government and Virgin Money to work together with the vision and drive of local people to help transform lives and re-energise communities.
Its ambition is to find and support people and organisations who want to make a real difference in the areas that need it most. Initially the Foundation is focusing its work on the North East of England but in time will expand to operate in other areas of the UK.
Currently Virgin Money Foundation supports charities in the following ways:
North East Fund
During 2015 and 2016 the Foundation awarded £2million of funding to charities and social enterprises in the North East 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 third funding year.
A new fund, through which the Foundation will work with organisations seeking investment in projects that will make a real and long-term difference to areas of deprivation in the North East and across the UK. Since launching the Ripple Fund in December 2016 we have awarded over £750,000.
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