Voluntary Sector: Taking Action ... Save The Foundation vs Lloyds Banking Group

Protesters: Save The Foundation
Target: Lloyds Banking Group
Location: Dumbarton, Scotland
Date: 24 June

The lowdown

Charities and community groups marched in Dumbarton and delivered a letter to a Lloyds TSB bank manager, expressing opposition to the banking group's withdrawal of funding from its own charitable foundation. Organisations including Argyll and Bute Rape Crisis, Art in Hospital and Colston Milton Church took part in the demonstration.

Why the protests?

The banking group said in February that it planned to terminate its covenant with the Lloyds TSB Foundation for Scotland, which has received more than £85m for Scottish charities over the past 25 years. A nine-year notice period means the funding would end in 2019.

How did Lloyds respond?

A spokeswoman for Lloyds Banking Group was quoted by BBC News as saying: 'We have worked hard to reach a good and fair outcome with the Lloyds TSB Foundation for Scotland and have made a long-term offer to the foundation that would ensure Scottish charities continue to receive a stable, secure and growing level of grants'.

Media treatment

The BBC News website picked up the story along with several other Scottish regional titles. Martin Johnstone, CEO of Faith in Community Scotland and one of the organisers of the march, also appeared on GMTV prior to the demonstration.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in