The City of London Corporation’s charitable funder, the City Bridge Trust, has handed a £5m boost to a coronavirus emergency fund – and is urging businesses to dig deep to help good causes facing a ‘perfect storm’ caused by the pandemic.

The initiative was launched in March, and supported by the Mayor of London, Sadiq Khan, has seen a total of £23.3m has been pledged to help charitable, community and social organisations across London, but most of that money has already been allocated, meaning remaining funds could run out soon.

Dhruv Patel (pictured), chairman of the City of London Corporation’s City Bridge Trust Committee, said: “While there have been some challenges, businesses in the City and across London who are able to help have responded magnificently, but more money is needed – now more than ever – to ensure charities and other groups can continue their work on the ground supporting communities and vulnerable people.”

The latest major employers to provide funding to the London Community Response are global financial services organisation Macquarie Group, which has given £500,000, and Bloomberg, the global business and financial information and news leader, which has donated £1m.

Share Story: