# Lloyds TSB Foundation NI may lose out in new funding arrangement

- Link: https://fundraising.co.uk/2009/10/29/lloyds-tsb-foundation-ni-may-lose-out-new-funding-arrangement/
- Published: 2009-10-29T10:33:51+00:00
- Author: Howard Lake

Lloyds TSB Foundation Northern Ireland will shortly decide whether to accept new
terms offered by the the Lloyds Banking Group which will see its grant giving considerably
reduced in the long term.

 

All the Foundation’s funding is provided by a one per cent share of profits from
the bank. The Lloyds Banking Group has been severely affected by the world banking
crisis and has had to seek substantial support from the government.

## Advertisement

 [⌊Posthub advert. You create the campaign. We'll handle the postal journey. Get started at post-hub.co.uk.⌉](https://fundraising.co.uk/ads/posthub-20261007-300x250/)

 

During the summer Lloyds TSB Foundation Northern Ireland announced that it was reducing
its top grant level to £5,000 and only considering support for charities with a 
turnover of under £250,000.

 

Three of the Lloyds TSB foundations, England & Wales, Northern Ireland and the Channel
Islands, are involved in talks about future funding with Lloyds Banking Group.

 

Earlier in the month the Lloyds TSB Foundation in Scotland said it was not accepting
a new agreement with Lloyds Banking Group and [suspended its grants programme](https://www.fundraising.co.uk/lloyds-tsb-foundation-scotland-stops-accepting-new-applications).
At that time the Foundation in Scotland said that the agreement involves £6 million
in funding from 2010 to 2014 but also a permanent reduction in the share of group
profits from 1 per cent to 0.5 per cent and the transfer of the authority to decide
where money is spent from the foundation to the group.

 

[The Foundation in Scotland](http://www.ltsbfoundationforscotland.org.uk/index.asp?cat=news&nid=212)
says that the new arrangement would amount to “walking away from £22 million over
nine years”. The banking group has denied that it will interfere in the running 
of the Foundations.

 

www.lloydstsbfoundationni.org

 

 * **[Spar to raise €200,000 for suicide charity](https://fundraising.co.uk/2009/11/03/spar-raise-e200000-suicide-charity/)**(
   3 November 2009)
 * **[Research on tax aims to encourage greater giving](https://fundraising.co.uk/2009/11/10/research-tax-aims-encourage-greater-giving/)**(
   10 November 2009)
 * **[Irish charitable fund donated more than €17.3 million](https://fundraising.co.uk/2009/11/16/irish-charitable-fund-donated-more-e173m/)**(
   16 November 2009)