# Banking group launches £2.5mn foundation

- Link: https://fundraising.co.uk/2023/06/27/banking-group-launches-2-5mn-foundation/
- Published: 2023-06-27T10:44:56+01:00
- Author: Melanie May

**Vanquis Banking Group has announced the launch of a £2.5 million community investment
programme: the Vanquis Banking Group Foundation.** **It will invest in initiatives
focused on social mobility and financial inclusion with the aim of supporting children
and young people to achieve their full potential across the UK.**

The Foundation will focus on three key strategic pillars: education, community, 
and financial inclusion advice:

 * **Education** – Backing programmes that boost literacy rates and offer insights
   into the world of work and the skills needed to secure opportunities.

 * **Community** – Supporting social and financial inclusion in the communities 
   it operates in.

 * **Financial Inclusion Advice** – Funding debt management and financial counselling
   organisations.

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This continues [Vanquis’s](https://www.vanquis.co.uk/) work with community partners
and schools, including the Bradford District Community Foundation and the London
Community Foundation.

The Foundation will draw together these projects alongside Vanquis’s partnerships
with the National Numeracy Trust and Outward Bound Trust, supporting local disadvantaged
children and families through access to education programmes.

It will also increase the size of Vanquis’s scheme to support access to affordable
school uniforms across the north of England. The project has provided £100,000 so
far, supporting more than 1,000 pupils across Bradford, Liverpool, Manchester, and
Blackpool with uniforms alongside longstanding community partners School-Home Support
and the Dixons Academies Trust. It will now extend to provide uniforms to pupils
in London, Croxteth, Fazakerley and Broadgreen in Liverpool and Chapeltown in Leeds,
with funding increased to £125,000 in 2023/24.

Malcolm Le May, Chief Executive Officer of Vanquis Banking Group, said:

> “Making sure children can get to school and have the skills they need to succeed
> demands a long-term commitment. I’ve seen the difference we can make for individual
> families with our partners’ help, and I’m determined to do more. As families deal
> with the challenges of rising prices month after month, financial inclusion is
> more important than ever.”

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