Author: Greater Bank

Greater Bank grant provides sustainable benefits for Meals on Wheels

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A grant of $35,000 from Greater Bank to install solar panels at Armidale Uralla Meals on Wheels’ headquarters is set to deliver far greater financial benefits for the organisation well into the future.

The recently completed 42-panel installation at the Armidale Showground facility is hoped to reduce Meals on Wheels’ electricity costs by 80-85%, which equates to a saving of around $12,000 per year.

Meals on Wheels President, Richard Mills, said installation was part of the organisation’s strategy to make it more financially sustainable.

“A big part of moving into the Showground facility in 2015 was to increase our capacity and reach into the community, but with that comes increased running costs. We looked at a number of options to generate savings for the organisations, including the installation of solar panels,” Mr Mills said.

“The generous grant from Greater Bank has allowed us to purchase and install the solar panels, which will generate immediate savings on our electricity bill. It also means that the value of the grant will far exceed $35,000 in the coming years.”

“We are hoping to achieve savings of around $12,000 per year. This equates to around 1400 meals for those in need across the area, which really is a wonderful outcome.”

Greater Bank’s Armidale-based director, Roger Cracknell, said the support of Meals on Wheels is significant to the community-bank’s charter to support the communities that support them.

“We’ve had a strong presence in the New England region, in particular Armidale, for a more than 30 of years. It’s a region that has continued to support us, so this is a way for us to return the favour,” Mr Cracknell said.

“Meals on Wheels is a wonderful organisation that is assisting many people across the Armidale and Uralla area who experience struggles and hardship on a day-to-day basis.

“It’s wonderful to see that our contribution will allow them to not only increase their capacity but also generate ongoing savings for the organisation.”

This support of the Armidale Uralla Meals on Wheels is in addition to the Greater Bank’s #GreaterNewEngland program, which has seen 48 Armidale-based charities share in $80,000 since the launch of the program in September 2016.