15 January 2024

Principality Building Society surpasses £1 million in funding to charities through Future Generations Fund

Principality Building Society has proudly announced that over £1 million of donations have now been distributed to 97 community groups and charities across Wales, thanks to their Future Generations Fund, which was founded in 2022 in partnership with Community Foundation Wales.  

The fund, which recently was open to its third round of applications, selected 18 successful applicants to share over £330,000 in funding. Newport’s Reality Theatre will receive £12,500 for their Creative Pathways project, which will support 70 young people with Additional Learning Needs in weekly drama and arts workshops, where they will learn industry-specific skills. 

The Future Generations Fund aims to create a lasting legacy by investing in projects that address the economic, social, environmental and cultural wellbeing of young people in Wales. The fund also enables charities and community groups to help young people have access to healthy food and other essential items, whilst focusing on providing mental health support, taking steps to build financial resilience, and developing skills to prepare for their future and the world of work. 

Juls Benson, Project Manager of Reality Theatre Community Interest Group, said: “We’re delighted to have received this grant from Principality Building Society which will enable us to continue and develop our work with young people with additional learning needs. We will be delivering a new programme of weekly sessions in performance and drama, supporting young people to learn new skills, gain in confidence, and enjoy opportunities which they may not typically have. As well as this, we will be hosting a new weekly social club, for the young people to meet, have fun, practise their singing and dancing, and generally develop their socialisation skills in a safe and welcoming environment. 

Tony Smith, Chief Impact and Governance Officer at Principality Building Society, said: “We are delighted to have surpassed the £1 million milestone of funding committed to the Future Generations Fund. We are proud to be working with Community Foundation Wales to support the amazing work of community groups and charities across Wales, who are making a positive difference to the lives of people today and for generations to come.”

Richard Williams, Chief Executive of Community Foundation Wales, said: “We are proud to be working with all the team at Principality Building Society on the Future Generations Fund, providing invaluable support to young people across Wales.”

“The Future Generations Fund has already been able to support a diverse range of projects that are addressing the needs and aspirations of Welsh communities. These grants have helped ensure that grassroots groups and charities can continue to support their local communities through these incredibly tough times.”

To view a full list of projects supported by Principality’s Future Generations Fund and to find out more, click here. 

Published: 15/01/2024