The Lloyds Bank Foundation for England & Wales, which provides core funding to charities for projects to help people break their cycle of disadvantage, has announced that its “Invest” grants programme re-opened for applications and will close on the 5th October 2018.
“Invest” is a flexible, long term core funding programme for charities helping disadvantaged people. To be eligible the applicant organisation must be a registered charity with an income between £25,000 and £1 million, that works to support people aged 17+ who are facing one or more of the Foundation’s specified complex social problems.
Amongst other things this can include people affected by:
- Long term unemployment
- Lack of qualification
Please see the Lloyds Bank Foundation for a full list of social problems that can be addressed through their funding programme.
Invest grants are from £30,000 up to maximum of £100,000 for projects lasting three years, with the opportunity for continuation funding for a further period – up to six years in total.
Invest grants fund core running costs such as rent, heating, lighting and management costs etc, as well as project delivery costs such as salaries, recruitment, volunteer expense and training, etc.
The Foundation also runs a smaller “Enable” programme which provides grants of up to £15,000 for up to 2 years for activities relating to organisational development such as leadership and governance, improved systems and demonstrating outcomes. Applications to the “Enable” programme can be made at any time.