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Northern Rock Foundation
Northern Rock Foundation was an independent charity and company limited by guarantee in the United Kingdom. It was formed in 1997 when the Northern Rock company was floated on the stock exchange. Following the near-collapse of the bank and its nationalisation by the UK government, followed by the eventual sale of part of it to Virgin Money. The Foundation continued for a number of years. Virgin Money contributed grants totalling £1.5 million in 2011 and 2012, but in April 2014 it was announced that it would be wound down after not being able to agree further funding terms with Virgin. It closed in 2016. The Northern Rock Foundation aimed to tackle disadvantage and improve quality of life in the North East and Cumbria. Between 1998 and 2016 the Foundation awarded £235.8 million in 4,417 grants. History Founding The foundation was formed when the Northern Rock company was floated, with an initial donation of 15% of the share capital and a covenant to donate 5% of the company's an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charitable Organisation
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educational, religious or other activities serving the public interest or common good). The legal definition of a charitable organization (and of charity) varies between countries and in some instances regions of the country. The regulation, the tax treatment, and the way in which charity law affects charitable organizations also vary. Charitable organizations may not use any of their funds to profit individual persons or entities. (However, some charitable organizations have come under scrutiny for spending a disproportionate amount of their income to pay the salaries of their leadership). Financial figures (e.g. tax refund, revenue from fundraising, revenue from sale of goods and services or revenue from investment) are indicators to assess the financial sustainability of a charity, especially to charity evaluators. This information can impact a c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gosforth
Gosforth is a suburb of the city and metropolitan borough of Newcastle upon Tyne, England England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe .... It constituted a separate Urban district (Great Britain and Ireland), urban district from 1895 until 1974 before officially merging with the city of Newcastle upon Tyne. In 2001, it had a population of 23,620. There are four ward (politics), electoral wards on Newcastle City Council that include parts of Gosforth: Dene and South Gosforth, Fawdon and West Gosforth, Gosforth (ward), Gosforth, and Parklands, Newcastle upon Tyne, Parklands. Gosforth is located to the north of the Newcastle city centre, city centre. History The origin of the area's name is thought to have come from 'Gese Ford', meaning 'the Ford (crossing), ford over the Ou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Newcastle Upon Tyne
Newcastle upon Tyne ( RP: , ), or simply Newcastle, is a city and metropolitan borough in Tyne and Wear, England. The city is located on the River Tyne's northern bank and forms the largest part of the Tyneside built-up area. Newcastle is also the most populous city of North East England. Newcastle developed around a Roman settlement called Pons Aelius and the settlement later took the name of a castle built in 1080 by William the Conqueror's eldest son, Robert Curthose. Historically, the city’s economy was dependent on its port and in particular, its status as one of the world's largest ship building and repair centres. Today, the city's economy is diverse with major economic output in science, finance, retail, education, tourism, and nightlife. Newcastle is one of the UK Core Cities, as well as part of the Eurocities network. Famous landmarks in Newcastle include the Tyne Bridge; the Swing Bridge; Newcastle Castle; St Thomas’ Church; Grainger Town includin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cumbria
Cumbria ( ) is a ceremonial and non-metropolitan county in North West England, bordering Scotland. The county and Cumbria County Council, its local government, came into existence in 1974 after the passage of the Local Government Act 1972. Cumbria's county town is Carlisle, in the north of the county. Other major settlements include Barrow-in-Furness, Kendal, Whitehaven and Workington. The administrative county of Cumbria consists of six districts (Allerdale, Barrow-in-Furness, Carlisle, Copeland, Eden and South Lakeland) and, in 2019, had a population of 500,012. Cumbria is one of the most sparsely populated counties in England, with 73.4 people per km2 (190/sq mi). On 1 April 2023, the administrative county of Cumbria will be abolished and replaced with two new unitary authorities: Westmorland and Furness (Barrow-in-Furness, Eden, South Lakeland) and Cumberland (Allerdale, Carlisle, Copeland). Cumbria is the third largest ceremonial county in England by area. It is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many List of islands of the United Kingdom, smaller islands within the British Isles. Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northern Rock
Northern Rock, formerly the Northern Rock Building Society, was a British bank. Based at Regent Centre in Newcastle upon Tyne, United Kingdom, Northern Rock was originally a building society. It demutualisation, demutualised and became Northern Rock bank in 1997, when it floated on the London Stock Exchange with the ticker symbol NRK. During the early 2000s the company borrowed substantially to fund mortgages, with the aim of ambitious growth, and also donated large amounts to charitable purposes and communities directly and through sponsorships. The financial crisis of 2007–2008, global banking crisis beginning around 2007–08 meant that it was unable to produce income as expected from its loans, and was at risk of being unable to repay the amounts it had borrowed. The news that the bank had approached the government for support with its accounting liquidity, liquidity led within 24 hours to a public lack of confidence and concerns that savings were at risk, and the bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virgin Money
Virgin Money is a financial services brand used by two independent brand-licensees worldwide from the Virgin Group. Virgin Money branded services are currently available in Australia and the United Kingdom. The brand formerly operated in South Africa and the United States. Each Virgin Money branded entity acts independently from the others, thus the products vary from country to country. Current brand licensees Virgin Money Australia Virgin Money currently has operations in Australia with 150,000 customers and is owned by Bank of Queensland. Virgin Money UK Virgin Money currently has operations in the United Kingdom, the company was initially established as a personal finance company under the name of Virgin Direct in 1995, and the Virgin Money brand itself was introduced in 2000. Virgin Money vastly increased its size and customer base in 2012 with the purchase of the so-called 'good bank' portion of the nationalised Northern Rock bank. In 2018, the entire UK operation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Covenant (law)
A covenant, in its most general sense and historical sense, is a solemn promise to engage in or refrain from a specified action. Under historical English common law, a covenant was distinguished from an ordinary contract by the presence of a seal. Because the presence of a seal indicated an unusual solemnity in the promises made in a covenant, the common law would enforce a covenant even in the absence of consideration. In United States contract law, an implied ''covenant'' of good faith is presumed. A covenant is an agreement like a contract. The covenantor makes a promise to a covenantee to perform an action ''(affirmative covenant'' in the United States or ''positive covenant'' in England and Wales) or to refrain from an action (negative covenant). In real property law, the term ''real covenants'' means that conditions are tied to the ownership or use of land. A "covenant running with the land", meeting tests of wording and circumstances laid down in precedent, imposes duti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ITV Plc
ITV plc is a British media company that holds 13 of the 15 regional television licences that make up the ITV network (Channel 3), the oldest and largest commercial terrestrial television network in the United Kingdom. ITV plc is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History Pre-merger ITV plc was the result of a merger between Granada and Carlton following the various mergers between the companies of the ITV network that had taken place from 1993 when the ownership rules were relaxed. The first wave of mergers began with Yorkshire Television acquiring Tyne Tees Television in 1992, forming a parent group called Yorkshire-Tyne Tees Television Holdings.An Overview of Television in the UK Ofcom, 2002 In 1994, [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virgin Money UK
Virgin Money is a banking and financial services brand operating in the United Kingdom. The Virgin Money brand was founded by Richard Branson in March 1995. It was originally known as Virgin Direct, and pioneered index tracking by launching a value personal equity plan into the market. In the 2000s Virgin Money expanded its operations around the world. Virgin Money announced plans to become a retail bank, and attempted to purchase Northern Rock in 2007 before it was nationalised by the British Government. Virgin applied for its own banking licence from the Financial Services Authority in 2009, and gained one through the acquisition of Church House Trust the following year. Virgin bought Northern Rock in January 2012 and rebranded the business as Virgin Money. In June 2018, Virgin Money agreed to a takeover by CYBG plc which was completed in October 2018. Virgin Money was merged into Clydesdale Bank plc on 21 October 2019, continuing as a trading name and operating under Cl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Sage Gateshead
Sage Gateshead is a concert venue and musical education centre in Gateshead on the south side of the River Tyne in North East England. Opened in 2004 and occupied by North Music Trust it is part of the Gateshead Quays development which includes the Baltic Centre for Contemporary Art and the Gateshead Millennium Bridge. Its name honors a patron: the accountancy software company The Sage Group. History Planning for the centre began in the early 1990s, when the orchestra of Sage Gateshead, Royal Northern Sinfonia, with encouragement from Northern Arts, began working on plans for a new concert hall. They were soon joined by regional folk music development agency Folkworks, which ensured that the needs of the region's traditional music were taken into consideration and represented in Sage Gateshead's programme of concerts, alongside Rock, Pop, Dance, Hip Hop, classical, jazz, acoustic, indie, country and world, Practice spaces for professional musicians, students and amateu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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