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We think banking should be about more than just interest rates and statements.

We want to use our expertise to do some good in the world – through helping charities, communities and the environment.

Virgin Money Foundation

Virgin Money Foundation

The Virgin Money Foundation is an independent foundation set up by Virgin Money to help people change their communities for the better. The Foundation was launched in August 2015 and has awarded more than £6.5 million to charities and social enterprises who are making big changes happen in their local area

More about the Virgin Money Foundation

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.

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.

Ripple Fund

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 £2 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.

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 

Virgin Money London Marathon

Virgin Money London Marathon

We’re proud sponsors of the Virgin Money London Marathon – the world’s biggest single day annual fundraising event – with over £435.5 million raised by runners for good causes in the last 8 years.

More about the Virgin Money London Marathon

It’s an honour to be linked to such an iconic event, but we didn’t want to just paint the city red. We like to sponsor events we can bring real value to somehow. So we did a lot of research around the Marathon and all that’s linked to it – including the communities of runners, fundraisers and charities that make it so special.

Since the first race in 1981, runners have raised an astonishing £890 million* for good causes. In fact, the Marathon is the largest annual one day fund raising event in the world. A lot of money is raised through online donation sites, who naturally charge for the service they provide.

We thought we could put our expertise with money and our financial systems to good use, and come up with an alternative that’s 100% not-for-profit. So millions more £s would go where they’re needed most. Our online donation site Virgin Money Giving was born.

For more information, visit the Virgin Money London Marathon website 

*Figures correct post 2017 Virgin Money London Marathon.

Edinburgh Festival Fringe Street Events and Festival Fireworks Concert

The Edinburgh Festival Fringe

Through our sponsorship of Fringe on the Royal Mile and Mound, we’re helping to make the Festival accessible to all.

More about the Edinburgh Festival Fringe

The Edinburgh Festival Fringe is the biggest arts festival in the world and takes place in Scotland’s capital every August. Virgin Money is proud to sponsor two street events that are among the most exciting parts of the Festival – the Virgin Money Fringe on the Royal Mile and the Virgin Money Fringe on the Mound.

At Virgin Money we aim to make ‘everyone better off’, which makes these events the perfect partner for us as they’re open and accessible to everyone. Across 4 weeks of entertainment in 2017, Edinburgh saw:

  • 53,232 performances
  • 3,398 shows

We’re also proud to be the sponsor of the The Virgin Money Fireworks concert which brought the 2017 Edinburgh International Festival to a stunning close as the sky filled with giant walls of silver and golden crackle effect fireworks. More than 400,000 fireworks were launched during the concert in a display synchronised perfectly to music performed live by the Scottish Chamber Orchestra.

Find out more about the Edinburgh Festival Fringe 

Charity of the Year

Mencap logo

We’re delighted to welcome Mencap, together with ENABLE Scotland as our Charity of the Year and official charity for the 2020 Virgin Money London Marathon. The money raised over the year will fund inclusion projects that will bring young people with and without a learning disability together through sport.

More about Mencap

Mencap is the leading voice of learning disability. Everything we do is about valuing and supporting people with a learning disability, their families and carers. Our vision is a world where people with a learning disability are valued equally, listened to and included.

Mencap has been leading the way in challenging discrimination against people with learning disabilities across society. There are 1.4 million people with a learning disability in the UK and we support them by fighting to change laws, improve services and access to education, employment and leisure facilities, to enable them to live their lives the way they want.

Mencap is so proud to be the Charity of the Year for the 2020 Virgin Money London Marathon. We will be working with Virgin Money to address the social stigma surrounding learning disability and promote positive attitudes and social inclusion through enjoyment of sport, to deliver a long-lasting legacy for people with a learning disability.

To find out more visit Mencap's website.

Helping the community

Every member of staff is given a number of free days to allow them to get involved with work in the community. Working with local and national projects, many take part in a wide range of fundraising – from running marathons to climbing mountains. Our people are Make £5 Grow ambassadors in hundreds of schools, as well as offering their skills by volunteering in the day to day work of local charities and in charity appeal call centres.

For more information email:

Or write to:

Culture & Community Team
Virgin Money
Jubilee House
Newcastle upon Tyne

We are proud to support the Fiver Challenge, and we also have our own Make £5 Grow programme – both of these initiatives in schools are designed to help inspire the entrepreneurs and business minds of the future. Find out more about how we're helping people make the right choices

LifeSavers programme

LifeSavers programme

The LifeSavers programme delivers financial education to primary school children.

More about the LifeSavers programme

It also gives children practical experience of money management through saving small, regular amounts of money in savings clubs administered by credit unions. The programme is a partnership between the Archbishop of Canterbury’s Just Finance Foundation and Young Enterprise, the enterprise and financial education charity. With Virgin Money’s financial support it will help 30,000 children learn more about money.

Find out more

Make £5 grow

Make £5 grow

We are proud of our ‘Make £5 Grow’ financial education programme to help young people experience the world of business – encouraging young entrepreneurs up and down the country.