Scottish Building Society marks AGM with funding boost for charities

03/06/2024
SBS AGM

SCOTTISH BUILDING SOCIETY marked its Annual General Meeting (AGM) by announcing a new round of funding to aid local charities and good causes across the country.

The announcement at the AGM, held on Wednesday this week at The Trades House of Glasgow, Grand Hall, will see the Scottish Building Society Foundation award successful applicants with individual grants of up to £5,000 to help their cause.

Marking the third phase of funding from the Scottish Building Society Foundation, the initiative has donated just under £60,000 to local charities across Scotland since it began last year.

Scottish Building Society Foundation was established by Scottish Building Society in partnership with Foundation Scotland, with the initiative designed to give back to Scottish communities.

Launched in May 2023 to align with the organisation’s 175th anniversary, an incredible £175,000 will be granted to local charities and good causes across Scotland.

Paul Denton, Chief Executive Officer, Scottish Building Society, said: “We were delighted to welcome our members to the AGM this year, and  it seemed only right that we announce the latest round of funding for the Scottish Building Society Foundation, designed to support the fantastic causes which make a huge difference in their local areas.

“The creation of the Foundation has formalised our commitment to giving back to communities and through this initiative, in just over twelve months, the Society and its members have already supported good causes right across Scotland, from Wick to Galashiels.

“Since the Foundation began, we’re encouraged by the variety of inspiring community groups and charities across Scotland and look forward to seeing how they use the funding to make a positive impact to the people in their towns and villages.

“We hope the Scottish Building Society Foundation will make a big difference to many people across the country and we look forward to supporting more good causes in the years ahead.

“By investing in good causes, the Society and its members are building stronger communities.”

Applicable to a range of community groups and incentives, the Scottish Building Society Foundation particularly welcomes 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 

The first phase of funding attracted 44 applications from across 11 local authority areas of Scotland, with nine successful applicants chosen to receive individual grants of up to £5,000 to help their cause. 

Meanwhile, the second phase of funding attracted 33 applications from across 11 local authority areas of Scotland.

For more information on the Scottish Building Society Foundation or to make an application, visit: https://www.scottishbs.co.uk/scottish-building-society-foundation

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