MORE THAN 40 Scottish charities and community groups have applied for funding from a dedicated funding incentive established by Scottish Building Society in partnership with Foundation Scotland.
The Scottish Building Society Foundation, launched in May 2023 to align with the organisation’s 175th anniversary, with an initial £175,000 that will be invested into local charities, causes and organisations across Scotland.
The first round of funding attracted 44 applications from across 11 local authority areas of Scotland, with successful applicants in line to receive individual grants of up to £5,000 to help their cause.
Applicable to a range of community groups and incentives, the Scottish Building Society Foundation particularly welcomed applications that support:
- Community facilities and services, transport, open spaces, affordable housing, community development, reduction of poverty, and care for the elderly
- Local community events
- Youth and education, providing training opportunities and support for vulnerable youngsters
Foundation Scotland is now assessing the applications and will help to allocate funding to successful groups with input from Scottish Building Society Foundation Advisers, with a final decision to be made by 31 August.
Paul Denton, CEO at Scottish Building Society, said: “As part of our 175th anniversary celebrations, we wanted to mark the occasion with an initiative that upholds our core value of giving back to the communities.
“We’re encouraged at the volume of interest from a variety of inspiring community groups and charities across Scotland and look forward to seeing how they use the funding to make positive impact. The Scottish Building Society Foundation whilst in its infancy, we hope will make a big difference to many people across the country and we look forward to working with Foundation Scotland to make a difference.
“By investing in good causes, we are building stronger communities.”
The second round of funding is set to launch on 11th September. For more information on the Scottish Building Society Foundation or to make an application, visit: https://www.scottishbs.co.uk/scottish-building-society-foundation
