by Author Tomas

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Virgin Money Foundation opens first grants round

The Virgin Money Foundation has announced its first round of funding, which is open to organisations that achieve long term impact in communities in the North East of England.

The funding will be for organisations that:

• enable homeless people or people at risk of homelessness to find a home, especially through increasing the supply of affordable rented properties.

• provide opportunities for youth education, training and enterprise.

• create and support community and social enterprise.

• fund feasibility studies into larger capital projects that will bring people and money into a deprived community.

Applications are invited for funding from £10,000 to £50,000 from organisations working in  the local authority areas of Darlington, Durham, Gateshead, Hartlepool, Middlesbrough, Newcastle upon Tyne, North Tyneside, Northumberland, Redcar and Cleveland, South Tyneside, Stockton on Tees, and Sunderland.

Grants are for running costs, not capital costs. They are for one year only.

For more information and the apply go to:

The closing date for applications to the Virgin Money Foundation’s first funding round is 28 September 2015.

The Foundation, the creation of which was announced last year, will subsequently extend its funding activities across the UK.