COVENTRY building society will be looking to donate £1million in each of the next three years to youth homelessness charity Centrepoint as part of a new partnership.
The firm aims to raise £250,000 by April 27 for the charity and will donate £5 for every new savings account with a balance of at least £100.
Recent research by Centrepoint shows almost one in 50 young people in England, 129,000 across the UK, approached their council for help last year as they were homeless or at risk of homelessness.
Cash from the building society will support a range of measures to help youngsters at risk of homelessness across the UK such as the Centrepoint Helpline.
Work will be carried out with schools to identify who could be at risk and funding will go to the new Youth Hub in Coventry.
Steve Hughes, Coventry Building Society chief executive, said: “Centrepoint is a brilliant charity and we’re immensely proud to be working in partnership with them to help them reach their ultimate goal of ending youth homelessness in this country by 2037.
“When tens of thousands of young people have nowhere to call home or are at risk of homelessness, charities like Centrepoint step in to help.”
Centrepoint’s chief executive Seyi Obakin added he was excited to see the impact the partnership with the building society will have on future generations.
