Lloyds Bank Foundation’s two new funding programmes open for applications

Applications are now open from smaller charities for the two new funding programmes from the Lloyds Bank Foundation for England and Wales. The two programmes – Invest and Enable - focus on reaching young people and adults facing multiple disadvantage at key stages in their lives. They are open to charities in England and Wales with an income between £25,000 and £1 million.

Announced in January this year, the new funding programmes are designed to help charities achieve greater sustainability: both will provide larger grants over a longer period of time. In addition the Foundation aims, with its Enhance programme, to help charities build capacity.

Paul Streets, Chief Executive of the Lloyds Bank Foundation, said:

“There is an increasing need and focus on helping charities to become sustainable in this challenging funding environment. Through research, we discovered nearly a third of our applicants said that over 80% of their funding was restricted. We don’t want to be just a grant maker, we want to support charities through a journey of development and help them meet the need for their services”.

Funding programmes

The Foundation’s programmes offer the following support:

·         Invest – providing long term funding of core costs and delivery for charities for up to £25,000 per year for up to three years, with the opportunity for continuation funding for a further period of up to six years.

·         Enable – providing funding for smaller, shorter grants for charities with a clear development need. Grants up to a total of £15,000 are awarded for a maximum of two years.

·         Enhance – A programme working alongside the Invest or Enable programme providing an option of tailored in-kind support to strengthen and develop charities’ effectiveness.

The Lloyds Bank Foundation receives its funding from Lloyds Banking Group through a nine year rolling funding agreement, designed to provide a secure and sustainable approach to grant making. Last year the Foundation awarded £19 million to 828 charities across England and Wales.

(Source: UK Fundraising)