Bridgepoint is proactively supporting its people, its portfolio companies and their employees during these extraordinarily difficult and challenging times. We also expect to play an important role ahead in providing new capital and strategic support to companies to enable the economies in which we work to return to growth and to protect and create jobs.
Bridgepoint's team has responded to the crisis by creating a £3 million Hardship Fund dedicated to frontline Covid-19 relief causes in our local communities and in areas close to our portfolio companies. The Bridgepoint Hardship Fund was initially created by the Board contributing the equivalent to 20% of its members' salaries for the full 12 months of 2020. It has since attracted significant contributions from our Partnership and broader team. The Fund is distributing donations, large and small, via the Bridgepoint Charitable Trust, to causes identified by our international teams as well as by individual team members.
We are proud that many of our portfolio companies have also mobilised to contribute to the Covid-19 relief effort.
Some of the most recent examples include:
By supporting each other and working together Bridgepoint, its team and our portfolio companies are committed to playing their part in the fight against Covid-19 by helping as much as we can where it matters most.