Lloyds Bank is providing funding to help people experiencing addiction and homelessness
The leading national bank has recently opened a new funding pot to help charities who are working with individuals facing sexual abuse, addiction, domestic violence, and homelessness.
Yesterday, small specialist charities were invited to apply for unrestricted grants of £75,000 alongside a range of tailored development support from Lloyds Bank Foundation for England and Wales.
The bank is offering unrestricted funding to specialist charities with an income of £25,000 – £500,000. These grants are available to charities that predominately focus on: asylum seekers and refugees, care leavers, domestic abuse, homelessness, offending, sexual abuse and exploitation, trafficking and modern slavery.
The full amount of funding that has become available as a result of Lloyds totals £6.3m.
One of the reasons for providing extra cash, was because local charities are often placed at the forefront of communities and experience first-hand the severe issues that people have been put through as a result of the rising cost-of-living.
Although these organisations work with individuals that are facing homelessness or sexual abuse, they continue to face challenges in terms of support. Therefore, these unrestricted grants are accompanied by development support tailored to charities’ needs, helping to build and strengthen skills to help charities meet and adapt to challenges and secure funding elsewhere.
In addition, the support offer also maximises the Foundation’s partnership with Lloyds Banking Group, bringing together individuals and teams from the Group to offer volunteering opportunities, mentoring and skills sharing with charities the Foundation supports.
Against this backdrop, gaining support through more workers is crucial at this time as recent research has found that 81% of charities have claimed demand for their services has increased compared to a year ago.
André Clarke, Director of Charity Development at Lloyds Bank Foundation, said: ‘Small charities are the backbone of our communities, providing vital support to people facing disadvantage. Unrestricted funding gives charities the flexibility to respond to the immediate needs of those they support while creating space to plan for the future. By funding small, specialist charities at a local level, and investing in their development, we can make a huge difference to people and communities across England and Wales.’
Applications to apply for funding will be open from 1st November and close on 25th January 2024.
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