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Northern Rock Foundation welcomes the announcement that Virgin Money will become the new owner of Northern Rock plc and that the current arrangement between the bank and the Foundation will be extended until the end of 2013.
Alastair Balls, Chairman of the Foundation said:
“We look forward to working with Virgin Money and their not-for-profit arm Virgin Money Giving (VMG) and hope that this will result in an enduring and expanding role for the work which the Foundation has pioneered over the past fourteen years.”
“We had an initial discussion about the relationship that the Foundation and Virgin Money Giving might have in future. We are both committed to exploring ideas further and seeking to establish an on-going relationship that will enable the Foundation’s work tackling disadvantage and improving quality of life in the North East and Cumbria to continue to have a significant impact on the lives of vulnerable people.“
Source: Northern Rock Foundation
