Core funding grants worth up to £100,000 are now available for small and local charities through a new simplified, more flexible and transparent approach, Lloyds Bank Foundation for England and Wales has announced.
The Foundation – an independent charitable trust funded by Lloyds Banking Group – partners with small and local charities who help people overcome complex social issues. Through long-term funding, developmental support and influencing policy and practice, the Foundation helps small charities make life-changing impact.
With small and medium-sized charities making up 96% of the charity sector yet attracting only 18% of the sector’s total income[i], the pressures facing many small charities supporting the hardest to reach people in their local communities are greater than ever.
The Foundation has refined and improved its approach to funding to better help charities be stronger and more effective.
This new approach involves:
A continuously open application process, rather than in rounds, so that charities can apply for support whenever they are ready
Clearer turnaround times for when a decision on funding will be made from the initial application
Grants worth up to £45,000 and £100,000 available over three years (with the possibility of continuing to six years) that can be used entirely for core costs, with charities able to flex how much they spend each year.
A simplified approach to reporting whereby charities can share existing reports they already produce, rather than having to complete bespoke reports for the Foundation ensuring charities maintain accountability to their boards and not the foundation.
Support from the Foundation’s regional managers and access to the Foundation’s ‘Enhance’ organisational development programme, helping charities to become more resilient and sustainable
Eligible for support are charities with an income between £25,000 and £1m across England and Wales tackling complex social issues such as mental health, homelessness and domestic abuse[ii]and with a proven track record of helping people achieve positive change in their local communities.
Charities can check eligibility and apply for grants online through the Foundation’s new website.
The Foundation helps charities to tackle the following complex social issues:
Addiction and dependency
Asylum seekers and refugees
Homeless and vulnerably housed
Offending, prison and community service
Sexual abuse and exploitation
Trafficking and modern slavery