DF Capital, a provider of working capital for British SMEs, will donate £5500 to Wood Street Mission – a children’s charity helping children and families living on a low income in Manchester and Salford.

Through a series of fundraising efforts across 2020, employees of DF Capital have raised the funds for the charity’s Family Basics 2021 Project, whereby low-income families receive day-to-day essential items.

Des Lynch, manager of Wood Street Mission, expressed gratitude over DF Capitals fundraising efforts: “The amount raised is amazing and we are incredibly thankful for such a large donation.

“Our Family Basics project is a vital service to those less fortunate in the community and this money ensures that we can support even more families this year.”

The final donation was the result of several events, such as the bank’s Walk to Lapland and Manchester to New York initiative, alongside match funding on employee donations and a contribution on behalf of customers.

Watrium AS, an investor of DF Capital, also pledged an additional £500 if a 57-mile detour to its headquarters in Oslo was added to the virtual Lapland journey.

Carl D’Ammassa, CEO at DF Capital, said: “I’m proud of the DF Capital team for the generosity of their time and the donations received to raise a significant amount of money for a crucial charity in Manchester.”

After a challenging 12 months, D’Ammassa believes the team are “more aware than ever of how important it is to support those less fortunate than us in our local community”.

Alongside supporting the community, DF Capital’s fundraising efforts were also good for company morale amidst the crisis. D’Ammassa concluded: It’s also been fun for us taking part in the events and they have been a great way of pulling everyone together for a common goal during these more challenging times of remote working.”

A continuation of good news for the firm, DF Capital recently announced it had supported UK brokers and manufacturers with over £1bn in loans since the firm opened for business in 2017.

The newly authorised commercial lending and savings bank – which was granted a UK banking licence in September 2020 ­ also revealed it has raised over £145m of deposits since the launch of its savings products in October 2020.