Lloyds Bank Foundation chief executive Paul Streets is to retire next year, the funder has announced.

He leaves after more than a decade leading the Foundation, which is funded by profits from Lloyds Bank Group and awarded £19.6m in funding in 2022.

Streets who was appointed an OBE in 2003, is making the move as he has decided to retire from full time senior executive work.

“I have loved my role at the Foundation. And loved working with the thousands of incredible small and local charities we reach right across England and Wales,” said Streets,

“We are blessed in having the opportunity to connect with Britain at its best addressing the consequences of Britain at its worst.

“I am proud of the work we have done together to reshape the role of Foundations, to set charities free through unrestricted funding and providing support that works for them.

"And using our own power and influence to help bring people together locally and nationally to influence policy and practice as well as sharing power over how we ourselves make decisions.”

During his time the Foundation has sought to improve equality in funding and has committed a quarter of its funding to charities led by and for communities facing inequality.

“EDI is vital, and I am proud of making tangible progress in my time at the Foundation, in particular through our commitment to charities led by communities themselves,” added Streets.

A search for his successor is to begin shortly.

“Paul is rightly acknowledged across the charity and grant funding world to be one of its outstanding and most dedicated leaders,” said the Foundation’s chair Ann Limb.

“Staff and charities the Foundation has supported have hugely benefitted from his strategic knowledge, policy insights, and wide networks and connections.

“He will be missed and on behalf of the board and all our partners, I thank him sincerely and wish him well in the next stage of his life.”

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