Local charity’s stock is rising

London children’s charity Friendship Works wins London Stock Exchange Group investment worth over £300,000.

Children’s mentoring charity Friendship Works, which works to support underprivileged children in London, has secured a prestigious charity partnership worth at least £300,000 with the London Stock Exchange Group.

The charity was elected by a staff vote, based on the work Friendship Works mentors do to make a difference to young people’s lives in the capital.

Xavier Rolet, CEO, LSE Group said:

“We are delighted to be partnering with Friendship Works who play such a pivotal role in shaping the lives of underprivileged children. LSE Group has a deep rooted culture of supporting the communities in which we operate, and through our new Foundation, founded in 2010, we have already donated over £1.2m to charities. Through our partnership with Friendship Works, we look forward to making a lasting impact in the lives of young people in our community.”

Presenter Jon Snow, Friendship Works Chief Executive Richard Turner, and London Stock Exchange Group Chief Executive Xavier Rolet, pictured at the launch of the partnership.

The partnership was launched by Friendship Works CEO Richard Turner, who opened the Stock Market for trading at 8.00am on 2 April 2012. London Stock Exchange Group also marked the date by recording it in history as their first ever Annual Charity Trading Day, where all trading fees for the day are forfeit and instead donated to their charity partners.

Friendship Works will benefit from at least £300,000 of funding over three years through donations from the London Stock Exchange Group Charitable Foundation and staff fundraising.

Richard Turner, Chief Executive, Friendship Works commented:

“We’re delighted to be chosen by staff at London Stock Exchange Group as their UK charity partner for the next three years. The children we support face a range of problems, from financial hardship to being young carers, or living in situations with alcohol and drug misuse. They benefit enormously from the friendship of a positive role model.

“The investment and backing of London Stock Exchange Group will make a huge difference to children, families and communities, and help us achieve our ambitious plans to expand our services and improve the lives of many more young Londoners. By investing in the welfare of children early on, we help them explore their potential, learn new skills and make the right choices in life to secure a brighter future.”

Friendship Works were supported at the launch by journalist and news presenter Jon Snow, actor Charles Dance, and actor Tim Pigott-Smith, who is also a patron of the charity.

This is the second large win for Friendship Works in the last four months. The charity recently landed another major investment through the Bank of America Neighbourhood Excellence Award, which provides £110,000 over the next two years to provide more support for children facing hardship in the capital.