Lloyds plans to raise £22m and donate 2.3 million volunteering hours

The banking group has updated its Helping Britain Prosper Plan, which addresses inequality, disadvantage and diversity issues

Lloyds Bank
Lloyds Bank

The Lloyds Banking Group has unveiled a plan to raise £22m for charity and donate 2.3 million hours of staff time to community projects.

The banking group first launched its Helping Britain Prosper Plan in 2014, with the aim of helping people, businesses and communities across Britain.

The group said it had improved its understanding of the issues over the past three years and the updated plan for 2017, launched today, includes commitments to support charities as part of what it describes as its targets to address inequality, support disadvantaged people and champion Britain’s diversity.

The group has pledged to donate 2.3 million staff volunteering hours to support community projects, and said a minimum of 30 per cent of those hours would be used to support skills-based mentoring.

It also plans to raise £22m through colleagues and communities for its charitable fundraising partners, including matched giving. Staff can claim up to £1,000 per calendar year for their chosen charity to match funds they raise or time they spend volunteering, calculated at a rate of £8 an hour.

The activities will be in addition to the £100m it has already committed to donating by 2020 to help 10,000 charities through its independent charitable foundations: the Lloyds Bank Foundation for England and Wales, the Lloyds Bank Foundation for the Channel Islands, the Halifax Foundation for Northern Ireland and the Bank of Scotland Foundation.

António Horta-Osório, chief executive of Lloyds Banking Group, said: "The Helping Britain Prosper Plan captures the commitments we’re making to help the country economically and socially, which as a UK-focused retail and commercial bank we are uniquely placed to do."

If you’re interested in fundraising, you can’t miss Third Sector’s Annual Fundraising Conference on 23 and 24 May. Click here for more information and to book at the Early Bird rate.

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