Lloyds Tsb And Scottish Charities

EDM number 2071 in 2008-09, proposed by Alistair Carmichael on 16/10/2009.
Categorised under the topics of Charities and Financial institutions.

That this House notes with regret the recent decision by Lloyds Banking Group to cut its Scottish charitable foundations funding worth an estimated £6 billion annually; notes the concerns raised that many Scottish charities face closure, job losses and scaling down as a result of the loss of funding; further notes that Scottish charities are set to lose £22 million over the next nine years as a result of the bank's new proposals; further notes that over the past year Lloyds Bank has received over £40 billion in Government aid; recognises that the charitable foundation is an independent body which operates to a covenant put in place by an Act of Parliament; applauds the work of the foundation which since its establishment in 1985 has delivered more than 12,000 awards totalling nearly £85 million to disadvantaged people and communities across Scotland; and urges the bank to reconsider its funding cuts decision.

This motion has been signed by a total of 31 MPs.