Nationwide Building Society has launched a new social impact programme to underscore its commitment to communities.
The Fairer Futures project is a three year programme designed to tackle major issues in UK society.
On Tuesday (12 June), the mutual released a statement confirming several charity partnerships it has entered into as part of the programme, including tie-ups with Centrepoint, Action for Children and Dementia UK.
“Nationwide is committed to improving lives and strengthening communities,” chief executive officer Debbie Crosbie said in a statement.
“Our new Fairer Futures social impact programme will support even more people who have been dealt an unfair hand.”
Dementia UK said that the backing from Nationwide would help deliver practical and emotional support through new posts and clinics while Centrepoint said the mutual’s partnership would support almost 3,000 young people in escaping homelessness.
Paul Carberry, CEO of Action for Children, said Nationwide’s partnership would help the charity to reach many more vulnerable children, young people and families.
He added: “We look forward to working with Nationwide to ensure more children and young people have the safe and happy childhood they deserve.”
In addition to the charitable funding that the building society has awarded, the mutual grants its employees up to 14 hours’ worth of paid volunteering each year.
Last year, it paid almost £1 million to charities nominated by its colleagues. This was on top of £1 million from customer and colleague fundraising.