The Deptford and New Cross Credit Union has been awarded Big Lottery funding to continue its work. I intervened on behalf of the Credit Union when staff contacted me following their initial rejection.
After lobbying the Chief Executive of the Big Lottery Fund and writing a personal reference for the organisation, the Lottery confirmed they would provide funding of £65,300 over three years.
This means that the Deptford and New Cross Credit Union can use the money to match funds from the New Deal for Communities, giving a total of £123,600. This will allow the organisation to continue its important work offering saving facilities and low interest loans for the local community.
I am delighted that the Deptford and New Cross Credit Union has been awarded this funding. I know how important the services it provides are to local people and it would have been a great loss to the community if the funding had been refused. I'm glad I was able to assist with the application.
Maria Drury from the Deptford and New Cross Credit Union Ltd said:
"We are all hugely grateful for Joan Ruddock's intervention to help secure lottery funding. This money is so important to the credit union and means that we can now remain as an independent organisation serving the needs of the local community in the north of Lewisham."
This means that the Deptford and New Cross Credit Union can use the money to match funds from the New Deal for Communities, giving a total of £123,600. This will allow the organisation to continue its important work offering saving facilities and low interest loans for the local community.
I am delighted that the Deptford and New Cross Credit Union has been awarded this funding. I know how important the services it provides are to local people and it would have been a great loss to the community if the funding had been refused. I'm glad I was able to assist with the application.
Maria Drury from the Deptford and New Cross Credit Union Ltd said:
"We are all hugely grateful for Joan Ruddock's intervention to help secure lottery funding. This money is so important to the credit union and means that we can now remain as an independent organisation serving the needs of the local community in the north of Lewisham."
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