Computershare has launched a £20,000 charity fund to help prevent financial hardship and support those experiencing money problems.

From December Computershare’s Loan Services division will donate up to £5,000 to good causes every quarter, and is currently seeking submissions from charities wanting funding for initiatives focused on financial difficulty.

Andrew Jones, Chief Executive Officer at Computershare Loan Services, said: “Every year we help thousands of people manage their finances better, supporting them as they overcome financial problems and reduce their debt. “However, with over £63 billion of loans under our management, we have seen firsthand that most financial difficulties begin a long time before we are able to help. “

“Computershare Loan Services and our staff have a long history of giving to good causes – both locally and beyond – and I hope that this fund can make a real difference to the lives of people across the country by both preventing hardship and supporting those in need.”

A committee of staff members representing every Computershare Loan Services office – Skipton, Crossflatts, Derry and Doxford – will meet quarterly to review applications from charities and decide which applications best meet the award criteria.

Craig Simmons, Sector Coordination Manager, Debt Advice at the Money Advice Service, has also joined the committee to provide insight into the debt advice sector, the problems people commonly experience and the best practice currently used to both deter financial hardship and support those who are struggling. Simmons said: “There’s no doubt that a better understanding of money and how to manage personal finances can help people avoid problems and reduce them when they occur.”