During 2015, TWF committed £25million to Opportunity North East (ONE), the private sector led body that supports the development of four key industries (Oil & Gas; Food, Drink & Agriculture; Life Sciences; and Tourism) in the North East of Scotland. This commitment will be fund matched by Scottish Enterprise and other sources. Already ONE has had a significant impact on the Aberdeen City Region Deal with £210million of government funds now allocated to Oil & Gas; Food, Drink & Agriculture; and Life Sciences Innovation Centres. Other grants and funding include £10.7million to NHS Grampian for a new car park at Foresterhill Health Campus, a £5million grant for the creation of Robert Gordon University’s Oil & Gas Institute, £2.75million in
state of the art Science, Technology, Engineering & Maths (STEM) teaching facilities at two Aberdeen schools and an ongoing commitment to support the Aberdeen Youth Games.
Sir Ian Wood, Executive Chairman of TWF commented: “TWF continues to make really good progress with a significant feature this year being our increased commitment to various economic and educational projects in Scotland. This has resulted in our funds now being evenly distributed across our three areas of focus; Making Markets Work for the Poor in Sub Sahara Africa, Developing Young People in Scotland, and Facilitating Economic & Education Development in Scotland.
The Aberdeen Hospital Car Park has been my wife’s project and has been extraordinarily well received with a very large amount of supportive messages. Opportunity North East (ONE) is a particularly exciting project which hopefully will have a real impact on the economy of the North East of Scotland. The Improving Primary Science programme adds to our already significant commitments in enhancing education across the ‘STEM’ subjects: science, technology, engineering, and mathematics.
Our philosophy of helping people to help themselves continues to make significant inroads across all of our portfolios and our success means we are able to attract other likeminded philanthropic investors and donors.
The Foundation is in good shape with good direction and an excellent management team. We have invested £25million to date, committed a further £45million and TWF has £90million funds still to commit, so we are not resource constrained in developing our programmes.”