The launch of the Redrow Foundation further supports our belief in Redrow having a wider role to play in helping to provide social improvement within the communities we build.
The Foundation will be particularly aimed at providing accommodation and related assistance, such as respite care, for vulnerable groups including children in need, the elderly, the sick or infirm.
Redrow has donated an initial sum of £100,000 and thereafter we will donate £50 for every legal completion secured. We anticipate that our total annual contribution will amount to around £250,000.
The launch of the Foundation was timed to celebrate Redrow’s 50,000 legal completion and the Company’s continued growth will provide even greater contributions in the future.
The Foundation’s initial trustees will be Paul Pedley, Deputy Chairman, Redrow plc; Brian Duckworth, Non-Executive Director, Redrow plc and Sir Digby Jones, the former Director General of the former CBI.