Building society Nationwide has partnered with three new charities to deliver a three-year programme designed to help tackle some of the biggest issues affecting society.

The bank has partnered with Centrepoint to support young people struggling with housing; Action for Children to tackle child poverty; and Dementia UK to help families of those affected by dementia.

Each year the bank commits one per cent of its pre-tax profits to charities, which has amounted to £120 million since 2007. Last year it committed £15.5 million.

In addition to its financial commitment to charities, Nationwide offers employees up to 14 hours' paid volunteering a year.

“Nationwide is committed to improving lives and strengthening communities. Our new Fairer Futures social impact programme will support even more people who have been dealt an unfair hand," Nationwide CEO, Debbie Crosbie, said.

Through funding for the selected charities, the banks aims to reach more young children, support young people to escape homelessness, and deliver practical and emotional support to those affected by dementia.

“We are delighted that Nationwide Building Society has chosen to partner with Action for Children to tackle child poverty. 4.3 million children in the UK are needlessly suffering the misery of hardship right now which can ruin childhoods and diminish life chances," Action for Children CEO, Paul Carberry said.

“The generous support of Nationwide Building Society will help us to reach many more vulnerable children, young people and families who desperately need our vital support. We look forward to working with Nationwide to ensure more children and young people have the safe and happy childhood they deserve.”

Dementia UK CEO Dr.Hilda Hayo added: “We’re thrilled to enter this ground-breaking partnership with Nationwide, which will help us bring specialist dementia care to more people than ever through our Admiral Nurses.

“Nationwide’s backing, network and expertise will help deliver practical and emotional support via a number of new posts, clinics and other activations which match our ambitions, and I am looking forward to working closely with them throughout the partnership.”

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