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Lloyds Bank Foundation COVID Recovery Fund

30 Jul 2020 - 15:16 by michelle.foster

lloyds bank foundationAt 10am on 3 August Lloyds Bank Foundation are launching £7.4 million COVID funding aimed at supporting charities to recover beyond the immediate crisis.

The COVID Recovery Fund will offer around 140 charities a two-year unrestricted grant of £50,000 alongside a Development Partner to help charities navigate a tumultuous future.

To survive the aftermath of the pandemic, charities have needed to alter the way in which they operate, deliver services and source income. Alongside crucial funding, Lloyds Bank Foundation know charities need the space, support and resources to be able to do this and become more resilient to future challenges. This kind of work is complex, it takes time and involves the whole organisation and with the COVID Recovery Fund programme, a Development Partner will be appointed to work hand in hand with charities through this process.

The Development Partner will support you in this journey through your own internal resources, a range of external partners and consultants through an Enhance capacity building programme and will help you share and learn across charities through structured peer forums.

This fund is open to small and medium sized charities with an income of between £25,000 and £1 million a year that are helping people overcome complex social issues such as dependency, homelessness and domestic abuse.

Lloyds Bank Foundation know there is an explicit link between the vast majority of complex social issues and racial injustice, and that these intersecting inequalities are best addressed by the small charities that are rooted in the communities they serve. Lloyds Bank Foundation want to ensure that this funding is distributed equitably to the charities that are best placed to serve the communities who need it most. To make sure Lloyds Bank Foundation can achieve this, a minimum of a quarter of this funding will go to charities that are led by and for people from Black, Asian and Minority Ethnic communities.

Application deadline: 11 September 2020, 5pm

Lloyds Bank Foundation are holding a Q&A webinar with their grants team on 11 August, 2pm-3.30pm you can register here to learn more and ask questions about the fund.

For more information and to apply click here

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