NORTHERN ROCK FOUNDATION

That this House acknowledges the work of the Northern Rock Foundation as one of the UK's largest charitable funders; celebrates the work it has done in the North East and Cumbria supporting over 1,500 community and voluntary organisations which directly benefit children and young people at risk, older people in care and need of support, and victims of domestic abuse and crimes of hate; expresses concern that the Foundation is at risk as its funding comes from five per cent. of Northern Rock Bank's pre-tax profits; notes the work of the Foundation and its huge importance to the lives of millions of people in the North East; and asks that the work of the Foundation be taken into account in negotiations on the future of Northern Rock Bank and the potential impact of its break up on the most vulnerable in the North East.