Santander Foundation to end funding of regeneration projects

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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