RBS invites good causes to apply for £1.9m potLocal communities to receive £5,000 from bank
02 August 2010
NatWest and the Royal Bank of Scotland (RBS) have launched a new fund worth almost £2m to support local charities and projects.
In June, NatWest and RBS launched a charter setting out their commitments to customers and what they can expect from the banks. As part of the charter, which was based on direct input from 30,000 customers, they have made a commitment to support the local communities they work in.
In a first step, the banking group is to create 380 individual funds of £5,000 which are available to help good causes in communities served by NatWest or RBS branches.
How the winning RBS / NatWest community projects will be chosen
Once all the nominations have been received, a local panel consisting of representatives from the bank, local residents and community figures will select three charities or projects from those put forward. The community will then be invited to vote for their favourite of the three, with the most popular receiving a £3,000 grant with the two runners up each receiving £1,000.
Jon Fox, Regional Managing Director for NatWest in the Midlands, said: ‘NatWest and RBS have a long and proud history of helping good causes and our Community Fund will bring this support to a new level. By asking local people to nominate and vote for the community charities and projects which are important to them, the fund will be directly supporting the communities the bank serves.
'By way of an additional support for the community, the bank has granted our employees a day away from the office to help local good causes. We hope this element of our customer charter will deliver more than 10,000 days of community volunteering in 2010.'
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