INDUSTRY NEWS

Centralisation for Prince’s Foundation

The Prince’s Charities Foundation looks set to relocate in a bid to cut costs. Currently occupying offices in various premium locations, the charitable foundation is likely to centralise all branches in new London office space close to King’s Cross Station.

The Foundation, which comprises of twenty charities, has been hard hit by the recession, forcing this move. The relocation comes against a back-drop of office space mergers in both the public and private sector across the capital. Several of the Prince of Wales’ charities rent their office space at present, and advisers have indicated that an office space merger for all the composite charities could significantly reduce overheads.

The hope is that with a reduction in rental costs the charities, eighteen of which were founded by the Prince of Wales himself, will be able to build on their work to increase the support they offer.

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