Lloyds Bank Foundation opens funding to distribute £9.5m to small and local charities across 2021  

Small and local charities helping people overcome complex social issues can now apply for two-year unrestricted grants of £50,000

Small and local charities in England and Wales helping people overcome complex social issues can now apply for two-year unrestricted grants of £50,000 from Lloyds Bank Foundation for England and Wales. At least 25% of all funding this year will be allocated to charities led by and for Black, Asian, and Minority Ethnic communities, building on the Foundation’s commitment to racial equity as outlined in its strategy. The funding will be open year-round, meaning charities can apply at a time that suits them and will not be restricted by deadlines.  

 

Many small and local charities have played a key role in supporting disadvantaged people and communities throughout the pandemic, demonstrating tremendous energy, flexibility, and professionalism in their response. To help them continue to support the communities who need them most, the Foundation will award a total of £9.5m in 2021 to 190 small charities with an income between £25,000 and £1m across England and Wales. The Foundation’s priority is to reach those charities tackling one of 11 complex social issues[i] such as homelessness, trafficking and domestic abuse, with a proven track record of helping people achieve positive change in their local communities. 

 

Alongside unrestricted funding, successful charities will be supported by one of the Foundation’s regional managers, who will work with them to access a wide range of organisational development support to help meet identified needs. 

 

The Foundation is also continuing its commitment to equitable funding, ringfencing at least 25% of its funding for charities led by members of minoritised communities. A separate funding strand for charities specifically working on racial equity will also open in the coming months to ensure that it can support those organisations and communities most in need.  

 

The Foundation wants to be open and transparent with charities by making clear in advance which charities and areas it is more likely to fund at any given time. This means that not all charities will be eligible to apply in all areas. To help with this, the Foundation has introduced regional priorities. 

 

It will consider local need, the prevalence of eligible small and medium sized charities, the nature of the region and the level of investment the Foundation has given to each complex social issue in that area, including its portfolio of live grants. Whether small charities can apply to the Foundation this year depends on which Local Authority they do the majority of their work in, and the complex social issue they are working to address. The Foundation reviews and updates these regional priorities every six months. 

 

Paul Streets, Chief Executive at Lloyds Bank Foundation said: “The last year has been challenging for small charities responding to the pandemic. They’ve been vital in absorbing the worst effects of the crisis and providing support to people that need them the most. Even though we can now see a path out of the pandemic, locally rooted charities need long-term support to help left behind communities recover.” 

 

He added: “Last year, 38% of our COVID Recovery grants were awarded to charities led by and for minoritised groups, but with these communities continuing to be disproportionately affected, we remain committed to continuing to ringfence at least a quarter of our funding and overcoming structural inequalities in sector funding.” 

Applications for the Foundation’s 2021 grants programme will open from 4th March at 11am and will remain open for the rest of the year.  

 

Please visit https://www.lloydsbankfoundation.org.uk/we-fundor further information on the 2021 funding round. A Q&A webinar with the members of the grants team will be held on 30th March between 2pm – 3.30pm. Applicants can register for the webinar here. 

 

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For more information, please contact Charlie Ensor on censor@lloydsbankfoundation.org.uk or 07384535633. 

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About Lloyds Bank Foundation
https://www.lloydsbankfoundation.org.uk/  

Lloyds Bank Foundation for England and Wales partners with small and local charities who help people overcome complex social issues. Through funding for core costs, developmental support and influencing policy and practice, the Foundation helps charities make life-changing impact.   

During 2020, the Foundation awarded £24.8m to small and local charities helping people facing disadvantage. With the unprecedented circumstances of coronavirus such charities have been never more needed. The Foundation is an independent charitable trust funded by the profits of Lloyds Banking Group.