The England Illegal Money Lending Team has funding available for groups that want to raise awareness of the issues of illegal money lending. The money available has come from the proceeds of crime taken from convicted illegal money lenders. Illegal Money Lenders, more commonly known as Loan Sharks, lend money without having the correct permissions from the Financial Conduct Authority. They often give cash loans out without any paper work and want double the amount back or charge extortionate interest rates. When you struggle to make repayments they may use violence, threats and intimidation, to ensure you keep paying them. The aim of this funding is to give groups the opportunity to raise awareness of the issue, in their community in a different way.
There are some links you might find useful:
Free lesson plans www.birmingham.gov.uk/stoploansharks
View our films on: http://www.youtube.com/user/StopLoanSharks
Tweet us @loansharknews
Facebook – www.facebook.com/stoploansharksproject
Funding that can make a real difference!
This year we want to actively encourage projects and initiatives that are different from the rest and will leave a legacy in the communities they are delivered in. To make sure you’ve got what it takes, have a look at our 4 main aims below:
- Has this been done before?
- What makes this project different?
- Who will this project reach?
- How many people will be involved?
- How will it effect and influence people reached?
- How will it change their actions and understanding?
- What will it leave behind?
- How is it sustainable?
If you’ve got what it takes and your project meets all of our aims, then please complete this application form and return it electronically to: [email protected] or post hard copy to Dave Benbow, IMLT, PO Box 12971, B33 0TD. Please note the closing date for applications is 30th June 2018.
Who can apply? Local residents, charities, community and voluntary groups, schools and statutory agencies.
How much can you apply for? Up to £5000
What you can spend the money on?
Funds can be spent on any worthwhile community project that meets the following criteria:
- Contributes to raising the awareness of the dangers of using loan sharks
- Prevents crime and disorder and publicises the Stop Loan Sharks message
- Promotes the work of the Illegal Money Lending Team (IMLT) in communities
- Encourages reporting of loan sharks
What you can’t spend the money on?
Funds can’t be used to support an existing project that only adds Illegal Money Lending to its program. The Stop Loan Sharks message must be at the core of the project! As such funds cannot be spent on:
- Repeating an existing project
- Staff salary, day to day running costs of your organisation or vehicle costs. We can, however, pay for additional sessional staff costs
- Producing freebies, publicity merchandise or distribution costs.
- Staff training – we can deliver this for free
- Plays – we will only fund plays that have a guaranteed audience of 50 people. If significantly less people attend we will ask for some funding to be returned.
- Food – we can fund tea and coffee for projects but not food
Any costs you incur whilst putting together your application
What happens now?
The application period is open till 30th June 2018, so please ensure you have your applications submitted by that date. Invoices should be received by 1st October 2018 or the monies will be re-allocated.
Your application will be checked to ensure that all the information provided is correct and that all the practical aspects of the project are covered to make sure that it can be delivered successfully. We may be in touch with you at this stage to ask for further information. Applicants will be informed two weeks after the closing date if they have been successful or not. All successful applicants must be able to invoice us, to claim the funding.
The project needs to be delivered by the 31st of March 2019. All successful applicants, when notified, will be forwarded a project evaluation sheet which will need to be returned to the IMLT upon completion of the projects.
Successful applicants will also be expected to book free “Stop Loan Sharks” training which will be delivered by a member of the IMLT for staff and/or volunteers (if they have not already had this). We would also like an article and text about your project for our newsletter – this goes out to thousands of contacts across the country so will give your project further publicity.
If you require any further information, help or assistance with this form please contact: [email protected]