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£2m funding to help young people

A SEA faring charity with links to Sunderland has received a multi-million pound funding boost.

Historic North East charity the Wellesley Trust once ran a nautical school for the Royal and Merchant Navies.

Now it has sold land it owns in Blyth and gifted the cash to the Community Foundation Tyne & Wear.

Houses will be built on the site and the proceeds paid out over three years, starting with a gift of £1.3million.

The donation will be match funded from a Government scheme, with the total expected to top more than £2m.

Rob Williamson, chief executive of the Community Foundation, said: “We are delighted that the trustees of the Wellesley Trust came to us to set up the Fund, and that we were able to add to the founding gift through our match scheme.

“As part of our endowment, the fund will be invested to support young people for generations to come, and we look forward to showing the trustees the inspiring work across our communities that their giving will be able to support.”

The Wellesley Trust was originally the Wellesley Nautical School, founded in 1868. It became an approved school in 1933 and, in the 1970s, came under Sunderland Council’s control, before closing in 2006.

 

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