Latest News
June 2010
Northern Rock Foundation announces £1.5 million to support charities across the North East and Cumbria.
“The Foundation is pleased to be able to support organisations engaged in such important work with the most disadvantaged people in our communities” said Penny Wilkinson the Foundation’s Chief Executive.
Ends
Notes to editors
Northern Rock Foundation is a charity and company limited by guarantee with an independent Board of Trustees that makes all decisions on governance, finance and policy. The Foundation aims to tackle disadvantage and improve quality of life in North East England and Cumbria. The Foundation’s work is delivered by a professional staff team of 14 based in Newcastle upon Tyne.
The Foundation was established when Northern Rock demutualised in 1997. Up to December 2007, the bank gave, by covenant, 5% of its annual pre-tax profits to the Foundation, totalling more than £190 million. The Foundation will receive £15 m in 2010 from Northern Rock, as part of the arrangement under which the bank was taken into temporary public ownership. Maintaining this arrangement is a condition of any sale of the bank in that period. The Government has asked the bank’s board to identify a viable long-term future for the Foundation.
Full list of latest awards approved for funding (contact details for funded organisations are available from the Foundation on request).
Name |
Grant Amount £ |
Term |
ADS (Addiction Dependency Solutions) |
140,000 |
2 years |
Escape Family Support |
133,600 |
3 years |
Barnardo’s |
74,230 |
2 years |
Drop Zone Café |
76,500 |
3 years |
First Stop Darlington |
139,817 |
3 years |
700 Club |
137,749 |
3 years |
Streetwise Opera |
90,000 |
3 years |
Sedgefield Locality Carers’ Centre |
69,681 |
3 years |
Blackwell Sailing |
53,500 |
3 years |
Carlisle Mencap Limited |
63,709 |
3 years |
Natural Ability |
28,301 |
1 year |
Age Concern Barrow and District |
158,743 |
3 years |
Action for Children |
119,532 |
3 years |
Victim Support |
138,000 |
3 years |
Rape and Sexual Abuse Counselling Centre (Darlington and County Durham) |
112,040 |
3 years |
TOTAL |
1,535,402 |
|