Leading Businessman Makes Major Donation to Worcester Arena Campaign
Tuesday, 23 August 2011
A leading Herefordshire philanthropist and City of London businessman has donated £25,000 towards the Worcester Arena campaign.
Clive Richards, a Fellow of the University of Worcester, has made the donation to help the University develop a first class sporting facility for the City of Worcester.
The Worcester Arena
will be a highly inclusive centre that will benefit the wider community in Herefordshire and Worcestershire and will provide a nationally outstanding venue for disability sport.
The campaign has recently won several significant grants and ‘in principle’ financial support from national sports governing bodies, charities and trusts, taking the total to over £2 million. More than £70,000 has been raised from individual, family and team donations.
Mr Richards said: “Sport in all its various forms is very much part of education. I am delighted to embrace this outstanding new initiative of the University to further its huge sporting ambition.”
Professor David Green, University of Worcester Vice Chancellor, said: “We are very grateful to Clive for this donation towards the Arena campaign. This comes on top of another generous donation from Clive to fund 100 new scholarships at the University.
“The Worcester Arena will make a real difference to people’s lives by increasing sport participation from grass roots to elite level. The facilities will cater for disability by design and enable true inclusion.”
Clive Richards OBE DL FCA FCMA FBIM is best known for his charity work in Herefordshire and Worcestershire, although other geographic areas throughout the UK have also benefited.
The Clive Richards Charity, established in 1987, specialises in helping educational establishments in both the public and private sectors. It has sponsored the majority of Hereford high schools to obtain Specialist School Status besides supporting many other facilities of a capital nature.
Mr Richards has a long and successful career in business, joining global financial firm KPMG in 1954. In 1960 he qualified as a Chartered Accountant Chartered Secretary and Cost and Management Accountant, obtaining several prizes and first place in the Cost and Management Finals.
Mr Richards joined Wedd Durlacher in 1960, becoming Managing Partner in 1967 before selling his partnership to Rothschild Investment Trust in 1970 where he became CEO. He subsequently became Group Finance Director of NM Rothschild & Son Ltd. During his business career in the City of London he has been a successful entrepreneur and private venture capitalist over a wide range of industries including the introduction of Mazda Cars into the UK.
Mr Richards currently is Chairman and Senior Non-Executive Director of several plcs and medium sized private companies.
A Freeman of the City of London, Mr Richards was awarded the Order of the British Empire for Charity in the Millennium Honours list and made a Deputy Lord Lieutenant for Herefordshire in December 2005. In September 2010 Mr Richards was made a Freeman of the City of Hereford.