Lloyds Bank Foundation Launches New £3m Racial Equity Fund

Unrestricted funding for small charities and CICs led by and working with people who face inequity because of their race or ethnicity.

Lloyd Bank Foundation for England and Wales have launched a new £3 million funding programme with a focus on supporting people experiencing racial inequity to break free from poverty and achieve their potential. It anticipates that 40 grants will be awarded across England (excluding London) and Wales.

Registered charities, charitable incorporated organisations (CIOs) and community interest companies (CICs) who are led by the communities they serve and with an annual income between £25,000 and £500,000, can apply for a three-year, unrestricted grant of up to £75,000. Alongside the funding, the Foundation will offer each charity or CIC a range of tailored additional support to help organisations to strengthen, be more resilient and develop further.

The funding will support organisation who are delivering their services in the following way:

  • In-depth services – delivering a range of services supporting individuals through a structured pathway over a prolonged period. This could include services to overcome immediate needs but will also lead to longer-term support.
  • Personal plans – working together with the people they support to understand the challenges they may be experiencing and agree on how to help them find a way to overcome them.

A free information webinar and live Q&A panel will be held on 20 April 2023 (10:30 am to 12:00 pm). Registration is required and can be done via eventbrite.

The deadline for grant applications is 31 May 2023 (5pm).

(This report was the subject of a GRANTfinder Newsflash.)