Friday, 25 September 2015

THE LLOYDS BANK FOUNDATION – Enable and Invest Grants for agencies working with people experiencing multiple disadvantage aged 17 and over

After being closed to applications for the month of September, theLloyds Bank Foundation for England and Wales is expected to reopen to applications on Monday 5 October with a major change.
Previously, charities could apply for funding at any time. The Foundation reports that it will now change to a ‘grant round approach from 2016’.
Three grant rounds will operate in 2016 with decisions at the end of March, July and November.
Detailed timetables will be published on the Foundation’s websiteto provide clear guidance on the deadlines for each round.
The Foundation provides funding to charities and charitable incorporated organisations (CIOs) in England and Wales through the following two programmes:
Invest is a flexible, long-term core funding programme for charities delivering clear, targeted outcomes for disadvantaged people.
These grants are up to £25,000 per year for two or three years, with the opportunity for continuation funding for a further period - up to six years in total.
This is a smaller and shorter grants programme for charities that have identified clear development needs. This funding aims to help the organisations deliver their mission more effectively. Grants are up to a total £15,000 over two years.
Applicants to either programme are expected to be working with people experiencing multiple disadvantage at one of the critical points in their life.
Applicants must be working with people who are 17 years or older and experiencing at least one of the following:
o Have been abused or are at risk of abuse.
o Are victims of sexual exploitation.
o Are ex-offenders or those at risk of offending.
o Are long term unemployed.
o Are leaving care.
o Are homeless.
o Have learning disabilities.
o Have mental health and wellbeing issues.
o Have addictions.
o Are isolated and vulnerable.
o Have severe financial difficulty as a compounding disadvantage.
The only exceptions are young people who are under 17 years of age and young parents or looked after children and disabled young people moving into independent living.
To be eligible, organisations must:
o Be registered with the Charity Commission.
o Operate mainly in England and Wales.
o Have at least one year of published accounts covering a 12 month operating period.
o Have a one year track record of direct service delivery.
o Have an income in the last set of published accounts of between £25,000 and £1 million.
o Have free reserves of less than 12 months’ expenditure in the last set of published accounts.
o Have an active board of at least three Trustees.
Further details can be found on the Lloyd’s Bank Foundation’s website.  

(Source: GRIN)

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