Northumbria Police & Crime Commissioner, Vera Baird QC, has joined North Rock Foundation Chairman Alastair Balls’ call to the Chancellor to consider a “reasonable and fair” proportion of profits made by the Treasury from Northern Rock’s former holdings to come to the region.
Vera Baird said: “The Northern Rock Foundation has helped many charitable organisations across the region and the money has been invested in develop to ease disadvantage, support the arts and tackle issues such as domestic abuse.
“The Chancellor now has the opportunity to save the Foundation and show his commitment to the North East. George Osborne claims he supports the region, by delivering security for the Foundation he will show that he is listening to North East public opinion.
“I have contacted the Chancellor, urging him to support the valuable work of the Foundation. The Northern Rock problems were a difficult time for the region and he now has a unique opportunity to ensure funding for the Foundation’s excellent work for many years to come.”