Lloyds Banking Group targets £22million donation

Lloyds Banking Group have outlined their plans to help raise over £22million for communities and disadvantaged individuals across the UK.

Their pledges were listed in its 2017 Helping Britain Prosper Plan, in which the group triumphantly declares its aim to be 'more than just a bank'. Its plan states that it will try to tackle social disadvantage through:

  • Supporting 10,000 charities as a result of its £100m commitment to the Group’s independent charitable Foundations by 2020
  • Donating 2.3 million colleague volunteering hours to support community projects, with a minimum of 30% used to support skills-based mentoring
  • Raising £22m through colleagues and communities for its charitable fundraising partners, including Matched Giving

The group have an excellent track record in recent years when it comes to meeting their charitable donations goals - last year, LBG granted £18.5million in its independent charitable Foundations to tackle social disadvantage which, at that time, supported over 3,700 charities across the UK.

In addition to this, its staff completed more than 260,000 hours of volunteering and themselves raised £6.1million for its Charity of the Year, BBC Children in Need.

António Horta-Osório, Chief Executive of Lloyds Banking Group said: “The Helping Britain Prosper Plan captures the commitments we’re making to help the country economically and socially, which as a UK focused retail and commercial bank we are uniquely placed to do.”

On top of this, Lloyds Banking Group staff can claim up to £1000 per the calendar year in Matched Giving from the Group for a specific list of registered charities that meet the relevant eligibility criteria.