Community groups net £3,168 with Co-op

By Richard Wright

Monday, September 24, 2012

 

TWO Isle of Wight groups have received more than £3,000 from the Co-operative’s Community Fund.

Sandown-based STEPS was given £1,794 to stage healthy eating cookery sessions at the town’s youth club.

And the Ryde-based Equals Isle of Wight Friendship Group was given £1,374 to run a culture kitchen and allotment.

The Community Fund is created by members of the Co-operative Group who elect to donate all, or part, of their twice-yearly dividend payments directly to the scheme.

The funds are then shared with community projects and groups.

The Co-op’s Fay Bowden said: "Because our members own the business, they get a share in any of the profits we make.

"It’s a scheme we’re very proud of, not only because it gives us the chance to thank members for shopping with us but because so many people choose to give something back to communities."

Co-operative members receive a payment twice a year based on the points they earn when they trade at any of the group’s businesses, including Co-operative food, travel, pharmacy, funeralcare and financial services.

"There is around £600,000 available in this region, each year, from the Community Fund. We welcome applications from groups and projects for £100 to £2,000," said Fay.

• For Community Fund application forms phone phone 0844 262 4001 or visit www.cooperative.coop/communityfund

Reporter: richardw@iwcpmail.co.uk

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by Richard Brown

24th September 2012, at 17:16:53

The Co-op has its own separate funds giving substantial sums to community projects and small businesses. This smaller scheme is Co-op members, i.e. customers, donating their yearly dividend

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by Caryl Morrison

24th September 2012, at 17:14:22

Although these are very difficult times for small charities like STEPS First, in fairness to the Co-op, I have to say they gave us exactly what we asked for and were very quick and efficient.

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by ROBERT SMITH

24th September 2012, at 11:17:33

SORRY BUT with a turn over of £13 bn pounds these amounts are INSULTS. Come on Coop put proper amounts of money into community projects and not insult US.

Any views or opinions presented in the comments above are solely those of the author and do not represent those of the Isle of Wight County Press.

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