LLOYDS TSB AND SCOTTISH CHARITIES

Early day motion 134, tabled 19 November 2009 by Alistair Carmichael (Liberal Democrat). Signed by 26 members.

That this House notes with regret the recent decision by Lloyds Banking Group to cut its Scottish charitable foundations funding worth an estimated six million pounds annually; further 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.

Signatures by party: Liberal Democrat 16, Labour 7, Conservative 1, Scottish National Party 1, Social Democratic and Labour Party 1.