Quilter Cheviot has awarded £150,000 funding to The Brain Charity as part of its Dementia Initiative.
The Brain Charity was chosen by a judging panel after the firm announced in February 2018 that registered charitable organisations that support people living with dementia would be able to apply for £50,000 a year for three years to help fund their projects.
The charity will receive £50,000 a year for three years, which will be used to arrange 12 week courses for people living with dementia, using dance and music as a means of non-pharmaceutical intervention.
Nanette Mellor, The Brain Charity chief executive, said: “Research has shown that listening to music and its therapeutic properties has a number of positive effects which include delayed cognitive deterioration, improved mood, physical fitness and social interaction.”
The funding will also go towards ongoing monitoring and evaluation reports and the production of two films which aim to enable other organisations to replicate similar training sessions.
Previously, Quilter Cheviot provided training to 19 ‘dementia champions’, who train other employees in the business to understand the challenges of living with dementia, across its regional office network. Currently, 80 percent of client-facing employees at Quilter Cheviot have received dementia training.
Mark Macleod, chief financial officer, Quilter Cheviot, and chair of the firm’s dementia panel, commented: “The average age of Quilter Cheviot’s clients is 64. Given the nature of our cross-generational client base we are highly cognisant of the issues facing people with dementia, and this is one of the reasons we launched our national Dementia Initiative.”
The Liverpool-based charity offers emotional support, practical help and social activities to anyone with a neurological condition, and their family and carers, 60 percent of staff and 80 percent of volunteers at The Brain Charity have a neurological condition.
Quilter Cheviot, part of Old Mutual Wealth, is a UK discretionary investment firm, which can trace its heritage to 1771.The firm is based in 12 locations across the UK, Jersey and Ireland.