Living Wage Friendly Funder
The Nationwide Foundation is leading the way by joining the Living Wage Foundation’s new scheme for charity funders.
12 February 2016: In becoming a Living Wage Friendly Funder, the Nationwide Foundation will be ensuring the Living Wage is paid in the staff posts it funds to carry out projects.
The Nationwide Foundation is an independent charitable funder which so far has given over £30 million to charitable causes. It seeks to help people in need in the UK by creating decent, affordable homes. Ensuring that fair wages are paid is an obvious and simple way of tackling poverty and disadvantage.
The minimum wage in the UK is currently £6.70 an hour (£7.20 from 1st April 2016) in the UK, but the UK living wage, which is set independently by the Living Wage Foundation and calculated in accordance to the basic cost of living in the UK, is considerably higher at £8.25, rising to £9.40 in London.
Leigh Pearce, the Nationwide Foundation’s chief executive says: “The living wage is a robust calculation that reflects the real cost of living. Working in the charity sector, we come across the huge problems caused by poverty and economic disadvantage every day and so as a responsible funder, we will be ensuring that where our grants are supporting employment, that these workers are paid fairly with a living wage.”
Sarah Vero, director, Living Wage Foundation says: “We are delighted to recognise the Nationwide Foundation as a Living Wage Friendly Funder. The leadership shown by the Nationwide Foundation demonstrates a commitment to tackling the serious problems that low pay brings to our communities.”