The Lloyds Bank Foundation for England & Wales has published its new strategy for the next five years. Included in the ‘Reaching Further’ strategy is a pledge to boost its additional support for the charities that it funds. Included is an expansion of its mentoring scheme whereby members of Lloyds Bank plc volunteer their expertise to grant receiving charities. The Foundation mainly funds organisations with an income of less than £1million.
Under the new Strategy the Invest grants strand is due to open soon. Invest offers long-term funding for the day-to-day running of a charity (core costs), and/or the direct delivery of a charity’s work.
Only Registered Charities or Charitable Incorporated Organisations (CIOs) can apply.
Grants of a minimum of £30,000 to a maximum of £100,000 are available for work delivered across three years. There is the opportunity for continuation funding taking the funding period to up to six years in total.
There are set annual rounds with the next opening on 27 August 2018 and closing on 5 October 2018.