New Fund Will Grant Vital Aid; Major Boost for North East Good Causes with Newcastle Building Society Community Fund Launch

Evening Chronicle (Newcastle, England), July 14, 2016 | Go to article overview

New Fund Will Grant Vital Aid; Major Boost for North East Good Causes with Newcastle Building Society Community Fund Launch


GOOD causes across the region are set to benefit from the launch of a new community funding approach by the region's biggest building society.

Aiming to emulate the successful charitable funding it achieved for the Sir Bobby Robson Foundation, Newcastle Building Society has ambitions to create grants which will ultimately be worth tens of thousands a year to local communities.

Newcastle Building Society Community Fund in association with the Community Foundation Tyne & Wear and Northumberland will provide an ongoing source of financial support for charities and community groups that are located in or around the communities served by its 27-strong branch network, and put forward for support by its customers.

The society's ongoing community support work has already seen around PS2.8m donated to more than 900 projects over recent years, including PS1.8m that has been raised so far for the Sir Bobby Robson Foundation.

Six grants with a cumulative value of PS18,000 will be made available over the next six months. The society has also launched a new savings account - the Newcastle Building Society Community Saver - and will pay an amount equivalent to 0.1% of all balances held in the account to its Community Fund, boosting the amount that can be made available in grants to North East causes.

Applications for the first grants which can be for a maximum of PS3,000 each, are now open to customers who wish to support their local communities. They can be made in any society branch or via the newcastle.co.uk website.

Applications will be judged every few months by a panel of Newcastle Building Society staff, with the support of expert advisers from the Community Foundation Tyne & Wear and Northumberland.

Andrew Haigh, chief executive at Newcastle Building Society, said: "Supporting our communities is core to what we do, and this latest move brings real focus and impact to our community and charity support. …

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