Virgin Money Foundation seeks North East projects in second funding round
Melanie May | 16 May 2016 | News
The Virgin Money Foundation has announced its next round of funding, which will see £1m distributed between communities in the North East.
The Foundation is inviting applications from the North East for grants of up to £50,000 for projects and initiatives that will make a long-term, sustainable difference to their communities.
The first round of funding from the Foundation provided grants of between £10,000–£50,000 for 26 projects, in the North East region, to a total value of £1 million. The projects were assessed on their ability to deliver against the following criteria:
- enabling homeless people or people at risk of homelessness to find a home.
- providing opportunities for youth education, training, and employment; and
- creating and supporting community and social enterprises that sustainably create jobs.
Applications for this new round of funding should generally follow the same criteria and further details of how to apply for a grant are available at: www.virginmoneyfoundation.org.uk.
Edward Wakefield, chairman of Virgin Money Foundation, said:
“We are delighted to announce a further £1 million for community projects across the North East. We received a fantastic response from the region to the first round of funding and hope for a similarly inspiring set of applications to for this additional funding.”
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The Virgin Money Foundation was formally launched in August 2015, Its first round of funding saw nine grants allocated to helping disadvantaged young people into employment, a further nine grants to help support a new or existing social enterprise, and seven grants helping homeless people find and keep a home.
A further £850,000 was designated for the Onside Youth Zone in Sunderland that will create a space for young people that aims to help them build confidence and make positive life changes.
Picture: Food Nation, which received funding from Virgin Money Foundation in round one.
About Melanie May
Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via thepurplepim.com.