Cadent Foundation: launch of multi-million-pound fund will make a ‘positive and lasting’ difference
Charities and community groups can apply for individual grants of between £100 and £100,000 as a new foundation, funded by the UK’s biggest gas network Cadent, opens its first window for applications.
After committing £240,000 to the Trussell Trust last week – to help food banks respond to challenges presented by coronavirus – Cadent Foundation now stands ready to support other worthy causes.
Cadent Foundation will have between £5m to £7m to be distributed every year to organisations based in North West England, the Midlands, South Yorkshire, East of England and the North London area.
This is the UK footprint of Cadent, the company which manages the 80,000 miles of gas mains in those areas, as well as providing a 24/7, year-round gas emergency service.
The new fund will receive a set annual share of Cadent’s after-tax profits every year. Administered independently, by Charities Trust, these funds will support:
- People – projects that help alleviate suffering and hardship of people in vulnerable situations
- Environment – projects that will help protect and preserve the environment
- Communities – projects that provide a better and healthier community to live in and use
- Research and Innovation - projects that help eliminate harmful emissions and support sustainable energy (grants in this area will only be made through partnership arrangements).
More information on eligibility and how to apply for grants can be found here.
“We’re incredibly excited to launch a fund that we know is going to make a positive and lasting difference,” said Julia Dwyer, Director, Cadent Foundation.
“Cadent Foundation will support projects – large and small – that help people living in vulnerable situations and disadvantaged communities, or work to protect and preserve the natural environment, or work to create a sustainable energy future for all.
“This is a great opportunity for charities and community groups which need financial support. We can help them make a huge difference in the communities that Cadent serves.”