Moneybarn Social Impact Fund launched
A new £40,000 fund aiming to support local charities and community groups has been launched, awarding grants of £1,000-£5,000 to groups in the Havant, Gosport and Fareham area.
The fund was made possible by Moneybarn, a vehicle finance lender based in Petersfield, Hampshire. Moneybarn has partnered with Hampshire and Isle of Wight Community Foundation (HIWCF) to provide grants tackling underlying social issues in areas where it is most needed.
Eligible projects will include those providing financial advice, improving physical and mental health, building family relationships, addressing low educational attainment and providing people with opportunities to reduce inequality, exclusion and disadvantage.
HIWCF reviews their grant-making continuously to ensure it helps the areas of greatest need. Last year, the Community Foundation targeted £1.1m grant spend to the most deprived wards in the area they cover.
Shamus Hodgson, Managing Director of Moneybarn said: “The Moneybarn Social Impact Fund represents an exciting new opportunity for us to get involved in the Havant, Gosport and Fareham community where many of our staff, suppliers and customers are located. This reflects our social purpose and commitment to being a responsible corporate citizen, putting the needs of our customers and communities at the heart of everything we do. We look forward to working with HIWCF to help us reach and support those in need in our local community.”
Jakes Ferguson, HIWCF Chief Executive said: “HIWCF is pleased to be partnering with Moneybarn on this new fund, which helps to ensure that we meet our objective in targeting funds to the areas where they are most needed. Gosport and Havant have 24 wards in the worst 100 for multiple deprivation in England, 8 of which are in the worst 10% in the country; and these statistics really speak for themselves and the need for such a fund. We commend Moneybarn for rising to this opportunity.”
If you’d like to find out more about the Moneybarn Social Impact Fund and how to apply, please visit http://www.hiwcf.com/grants/.