An online platform that matches businesses with charities and good causes has secured a £3m investment to increase its reach.
The Neighbourly platform has already connected more than 16,000 good causes with businesses looking to support charities across the UK and Ireland.
This includes food banks, domestic abuse charities and groups that care for the elderly.
The investment will help the platform to develop new ways of linking the private and voluntary sector, expand its team and expand internationally.
Through the platform firms are able to donate surplus products, food, financial support and volunteer time.
The funding has come from Guinness Asset Management and involved advice from PWC. Guinness Fund manager Ashley Abrahams is to join Neighbourly’s board of directors following the move.
Neighbourly chief executive Steve Butterworth said: “We are delighted to welcome Guinness to the Neighbourly team and for Ashley to join us on the board. He immediately understood the Neighbourly proposition and the value it delivers for businesses and local good causes alike.
“Our strong belief is that businesses must prioritise the proven power of local good causes, who are the backbone of our communities. A thriving community and resilient population of hyper-local causes is vital to the success of both society and the economy.”
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