Just like legendary Robin Hood who gave money to the poor, those living in Nottingham offer an average £82 a year to friends, which is more than double the national average of £35.

Other generous residents include those in Norwich (£82), Birmingham (£46), and London and Leeds (£45).

But research from mobile payment service Paym found the most frugal friends are found in Sheffield where they lend just £11 a year.

Other stingy cities are Brighton (£22), Edinburgh (£19) and Newcastle (£24).

While people from Nottingham come top in terms of the amount they’re likely to lend, residents of Leeds are the leaders when it comes to frequency helping out a friend 46 times a year, more than double the national average of 20.

Brighton comes bottom of the bunch, only giving on average once a year.

Craig Tillotson, executive chairman of Paym, said: “As we carry less cash, it’s good to know our friends are still happy to help out when we need some spare change. However, these dutiful donations from generous friends can soon add up.”