Northern Rock Foundation says closure 'inevitable'

Northern Rock Foundation says closure 'inevitable'

22 Apr 2014 | Kirsty Weakley

The Northern Rock Foundation will close after it failed to reach a funding agreement with Virgin Money, the new owner of the Northern Rock bank.


Northern Rock Foundation says closure 'inevitable'

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Dawn Austwick, chief executive of the Big Lottery Fund

The Big Lottery Fund is embarking on a strategic review that will underpin its direction and priorities for the next three to six years.

Martin Brookes, CEO of Paul Hamlyn Foundation

Paul Hamlyn Foundation chief executive Martin Brookes has admitted to harbouring personal doubts about social investment, suggesting there are ethical issues around it that the sector has yet to confront.

Children's Investment Fund Foundation

The Children’s Investment Fund Foundation has pledged to invest £517m over the next seven years in projects to reduce the incidence of under-nutrition of children worldwide.

Nick Hurd, minister for civil society

The use of collaborative social investment funding for charities by charitable foundations and private sector organisations has been commended in a Cabinet Office report into achieving social impact at scale.

A single and largely centralised body will never meet the need for a regulatory body to oversee an increasingly diverse sector.

» Hodge moots 'bonfire' of the Charity Commission

Benevolent funds seen increasingly as replacement for state funding, says report

Over half of benevolent funds warn that the boundary between state funding and their funding is becoming increasingly blurred, finds new research from the Association of Charitable Organisations.

Primark family makes £42m charitable donation

The Garfield Weston Foundation has reaped a £42m benefit from the profit rise of Wittington Investments, the holding company of the Weston family which is behind businesses including the Primark retail chain.

EuroMillions lotto winners set up £5m charitable trust

A couple who won £161m on the EuroMillions lottery have set up a £5m trust to improve the standard of life in Scotland.

Lloyds doubles Bank of Scotland Foundation annual donation to £2m

Lloyds Banking Group is to commit a further £1m annually to the Bank of Scotland Foundation from 2014, which will double the sum it already gives.

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