Nationwide provides £3.2m to help victims of recession

| April 3, 2009 | 0 Comments

Nationwide has launched a £3.2 million programme of charitable grants to help the most vulnerable and excluded in society.

The Nationwide Foundation said the money is to help those facing financial difficulty or homelessness because of the recession.

Housing, homelessness, and financial exclusion charities can all apply to the new fund.

In particular, the fund is designed to support charities working with survivors of domestic abuse, people aged 70 years or over, and people from excluded groups aged 50 years or over.

Three-year grants of up to £300,000 will be available to registered charities with annual incomes below £10 million.

Additional grants of up to £5,000 will be available to charities with annual incomes below £500,000.

Lisa Parker, Nationwide Foundation chief executive, said: “Without financial education many people will not know how to survive the current harsh economic realities, which is why we are paying particular attention to the minority groups who are most vulnerable and most in need.

“For instance, we have discovered that one in three women accessing domestic violence services do not have a bank account and many studies have shown that there are very few housing schemes designed for the black, minority and ethnic communities.”

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