ENERGY GIANT INVESTS EXTRA MILLION TO HELP FIGHT FUEL POVERTY
SCOTTISHPOWER has announced that it is quadrupling its investment to £4m in a Trust set up to help vulnerable people who are living in fuel poverty.
The announcement was made by ScottishPower’s Chief Executive Jose Luis del Valle, alongside Deputy First Minister Nicola Sturgeon, at an event hosted by Tricia Marwick MSP.
Also in attendance were MSPs from across Scotland and representatives from Scottish projects which have benefited from the Trust since its launch in 2006.
Ann Loughrey, ScottishPower’s Head of External Business and Community Relations and The Energy People Trust’s Company Secretary, said:
“We are delighted that ScottishPower is able to quadruple the amount of money donated to the Energy People Trust to £4 million as this means even more organisations who qualify for funding can be assisted financially. This event is very important for us as we wanted to showcase the Trust to MSPs.”
Deputy First Minister, Nicola Sturgeon, said:
“It’s encouraging to see energy companies like ScottishPower recognise that there are many families and vulnerable people suffering from fuel poverty in this country and addressing the issue through a charity like the the ScottishPower Energy People Trust. Offering financial assistance to organisations, and in turn individuals, is a very important step in alleviating fuel poverty.
"Events like this are important for raising awareness of the impact the funding has made to these organisations and it is great to see what they have been able to do and how many vulnerable people have been assisted."
This event was organised to celebrate the Trust’s outstanding work in Scotland, where projects which have benefited from the Trust, were able to highlight significant benefits that the funding has brought to their area.
Since the ScottishPower Energy People Trust was launched in January 2006, with an initial £1million investment, it has funded 32 projects in Scotland and assisted over 60,000 individuals who are living in fuel poverty.
“We launched the ScottishPower Energy People Trust with an initial investment of £1million to assist organisations that help some of society’s most vulnerable people and we have supported projects that are doing some fantastic work with children and young people, families and the elderly.
“Over 2 million households across the UK suffer from fuel poverty which brings misery to the lives of those affected.
“This is why we commissioned independent research on how to help eliminate the issue. The results showed that it would have a greater impact if funds were directed to organisations that work at grassroots level to eradicate fuel poverty, which is why we decided to set up the Trust.”
Unlike any other Trust, the ScottishPower Energy People Trust directly funds other charities and groups such as Women’s Aid and Barnardos that help vulnerable and disadvantaged young people who are leaving care and setting up home for the first time or women and children requiring emergency housing and crisis funding.