A poverty-tackling charity had cause to celebrate, when a travel money retailer donated £500,000 to its coffers, with plans to contribute a further £50,000 by the end of the year.
National bureaux de change chain, eurochange, donated £500,000 from its 2010 profits, to Sustain for Life, the official eurochange charity. The significant donation represents the largest gift to charity the company has ever made.
Giles Custerson, Managing Director of eurochange, said: "On behalf of our board, we are delighted to be in a position to make a donation of this scale to help those less fortunate than ourselves to help themselves.
"Last year, we did business with over one million customers for the first time, and thanks to those customers, we have been able to give something back to the global community. We see this as an important part of running a credible business," he added.
Sustain for Life improves lives by helping deprived people in developing countries become self-sufficient. It was established as ‘the eurochange charity’ in 2006, through the close links between the company and Sustain for Life’s founder.
eurochange is aiming to raise an additional £50,000 for Sustain for Life through the sale of coin purses at its branches, with 100 per cent of the profits going to the charity. As well as purchasing the purses, customers can help by donating spare change and unused foreign coins at eurochange's 84 bureaux de changes across the UK.
Jo Kroes Randell, head of development in the UK for Sustain for Life added: "The support we receive from eurochange is vital to enable us to continue the work we do in reducing poverty around the world. It's extremely heartening to see that even during such difficult trading conditions as those currently facing the UK, supporting Sustain for Life is still a high priority in eurochange's portfolio."
eurochange, which was established over 35 years ago, supplies holiday money to more than one million customers on UK high streets and in shopping centres. The firm also operates an International Payments department, which recently introduced a Quick Transfer product for individuals wishing to send money abroad.