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Santander Foundation to end funding of regeneration projects

By Kaye Wiggins, Third Sector Online, 23 February 2010

But £3m available in 2010 for education, training and financial capability charities

* An update has been added to this story on 25 February. See note below

The Santander Foundation, formed by the merger of the charitable giving activities of Abbey, Alliance & Leicester and Bradford & Bingley, will continue funding education, training and financial capability charities but will stop funding regeneration projects.

The foundation, which was relaunched yesterday, will allocate £3m to UK charities in 2010. The figure is slightly lower than the £3.28m given out by the three banks in total in 2009.

Qualifying charities based in the nine regions where Santander has a "significant presence", listed below, will be able to apply for grants worth up to £30,000. Charities outside these areas can apply for one-off grants of up to £10,000.

Alan Eagle, manager of the Santander Foundation, said: "We have spent time listening to what charities are looking for and responded with a much improved grants programme that opens up the funding for many more charities to benefit."

The nine areas where grants of up to £30,000 will be available are:

  • London Borough of Camden
  • Milton Keynes and surrounding areas
  • Leicestershire and Rutland
  • South Yorkshire
  • West Yorkshire
  • Teesside, covering the area from Redcar to Darlington and Sunderland
  • Merseyside
  • Greater Glasgow.

* The Santander Foundation has pointed out that the £3m figure it gave for the total amount of money available was incorrect. The correct figure is £3.33m.

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Alan Eagle

Alan Eagle, 26 February 2010, 15:06

The Santander Foundation unites the charitable donations formerly made in the UK by Abbey, Alliance & Leicester and Bradford & Bingley savings business. Total donations from the Santander Foundation in 2010 will rise slightly from those made in 2009 to £3.325 million.

Our decision to focus our funding on education and training, and to move away from regeneration followed feedback from our customers, charity partners and shareholders as to how we could best provide financial asssitance. Charities also requested that the Santander Foundation expand its capital funding programme to cover revenue funding for salaries which is a new initiative for 2010. We hope that the changes we have made in our funding strategy will serve to benefit more of the communities in which we operate.

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