Breaking News

5 new cases of Covid-19 on 11 August brings total in Monaco to 138: 5 hospitalised, 10 home monitored, 113 cured, 1 resident death

Barclays unveils aid for coronavirus relief

Barclays unveils aid for coronavirus relief

By Stephanie Horsman - April 9, 2020

Banking giant Barclays has announced the launch of a £100 million package in an effort to help those most affected by the Covid-19 epidemic.

The association, called the Barclays Foundation, will split the £100 million earmarked for the programme in half. £50 million has been committed to charities and organisations, the other half is set up as an employee donation matching scenario.

The associations benefitting from the generous donation will go directly to charities helping the most vulnerable during the health crisis. The lion’s share will go to UK-based organisations, but some will be made available to help out in places such as India, the United States and other countries where Barclays has a presence.

The main focus of the monies will be on the elderly and those most susceptible to the virus, as well as supporting health care and other key workers who are tirelessly helping the sick and people in need.

The second £50 million is headed for a donation matching programme. The bank is promising £1 for every £1 pound donated by employees to charities of their choosing, so long as they are amongst those working in the fight against the impact of the virus.

The pledges have already started coming in and include contributions by several senior executives, such as Nigel Higgins, chair of Barclays PLC, Jes Staley, chief executive of Barclays Group, and Tushar Morzaria, the group finance director, who have already pledged a third of their salaries over a six month period.

“As a bank we have been doing all we can to look after our customers, clients, and colleagues through this crisis, made possible by tens of thousands of amazing and dedicated Barclays people around the world who have been doing their utmost to keep our services running, and support the economy,” said Mr Staley about the launch of the package.

“We want to do more to back the communities in which we live and work, and to provide help to those who have been hardest hit by the consequences of the coronavirus pandemic.

“That’s why we’ve launched this community aid package, which we hope will make a positive difference, working with charity partners here in the UK and around the world to deliver help where it’s needed most.



Previous articleDrone keeps an eye on streets of Monaco
Next articleHow not to achieve behavioural change


August 11, 2020 | Business & Finance

Monaco International Film Festival gets new president

Stephanie Horsman

Edward Sylvan, co-founder of Sycamore Entertainment Group, is the new president of The Monaco International Film Festival, paving the way for the local festival to leap to the next level.

August 10, 2020 | Business & Finance

Seven companies who turned Covid into cash

Stephanie Horsman

This year’s epidemic has been catastrophic for many businesses, but some companies have managed to turn hefty profits despite the downturn. Here are the top seven.

August 5, 2020 | Business & Finance

Further boost to Monaco’s digital security

Cassandra Tanti

Monaco Vidéo Electrique has just been awarded its security qualification, enabling it to assist the Principality in its digital security strategy.

August 5, 2020 | Business & Finance

Will the government use the CRF this Covid-year?

Stephanie Horsman

The Constitutional Reserve Fund (CRF), Monaco’s “nest egg”, sat at a whopping €5.7 billion in assets at the end of last year.