MK Community Foundation is leading the way by joining the Living Wage Foundation’s new scheme for charity funders.
The scheme recognises funders that commit to supporting charities by funding posts at the Living Wage or above.
MK Community Foundation announces that it has received recognition as a Living Wage Friendly Funder in the UK from the Living Wage Foundation.
As part of their commitment to being a Living Wage Friendly Funder, MK Community Foundation supports successful applicant charities to pay the Living Wage to any grant-funded staff posts.
Living Wage Friendly Funders themselves are Living Wage Employers and then, where possible, also encourage grantees to become accredited employers over time.
Living Wage Friendly Funders work together to end low pay in the voluntary and community sector.
Thousands of charities and funders have already embraced the real Living Wage across the UK, but low pay remains a significant challenge across the sector. The Living Wage Friendly Funder scheme has been funded by People’s Health Trust and developed in collaboration with a range of funders including Trust for London, Barrow Cadbury, the Joseph Rowntree Foundation and Comic Relief.
The minimum wage for those aged 25 and over in the UK is currently £7.50 an hour in the UK, but the Living Wage, a voluntary rate which is set independently and calculated in accordance to the basic cost of living in the UK, is considerably higher at £8.45, rising to £9.75 in London.
Read more about the responses to this brilliant new step being taken by MK Community Foundation by clicking here.