Virgin Money has announced a new partnership with The Care Workers’ Charity (CWC), reinforcing its commitment to supporting the UK’s vital care sector. Through this partnership, a share of the arrangement fee from every new care sector loan will be donated directly to CWC’s crisis grants programme, providing urgent financial support to the dedicated individuals who care for our communities every day.
The UK’s social care sector employs over 2 million people, making it one of the country’s largest and most essential workforces. Despite facing significant challenges, from staffing shortages to rising costs, care workers continue to deliver compassionate, life-changing support every single day. This partnership with Virgin Money comes at a critical time, helping to strengthen the safety net for those who dedicate their lives to caring for others.
The CWC’s crisis grants programme offers emergency financial assistance to care workers experiencing unexpected hardships such as illness, bereavement, domestic abuse, or sudden loss of income. With an average grant of £500, the programme helps individuals regain stability during life’s most difficult moments.
Virgin Money aims to support at least 200 care workers each year through this initiative, easing the financial pressures faced by those on the front lines of care.
Derek Breingan, Director Health and Social Care at Virgin Money, said: “Care workers are the backbone of our communities, providing essential support to some of the most vulnerable people in society. At Virgin Money, we believe in building a better future for people and communities, and that means standing with those who dedicate their lives to caring for others.
“Our partnership with The Care Workers’ Charity reflects this purpose in action, ensuring that care workers have access to vital support when they need it most. We’re proud to play a part in strengthening the safety net for this incredible workforce.”
Karolina Gerlich, CEO of The Care Workers’ Charity, added: “This innovative partnership with Virgin Money marks a significant step forward in how businesses can support the social care sector. By linking financial services with direct support for care workers, Virgin Money is setting a powerful example of how cross-sector collaboration can create meaningful change.
“We are so grateful for their commitment to the care workforce — their support will provide a vital safety net for those facing crisis. We hope this partnership inspires others to stand with the care workers who give so much to society every day.”
The new partnership is now live, with donations being made for every new care sector loan arranged. Virgin Money encourages other organisations in this sector to explore how they too can support the wellbeing of care workers.
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