NatWest Skills and Opportunities fund – new round opens on 3 September 2018

Author's position
Advice Worker
Primary interest
Voluntary sector

If you have a project aimed at helping people to help themselves, in the areas of financial capability and enterprise, NatWest have announced that there will be one final round of their Skills and Opportunities Fund opening on 3 September 2018.

The regional boards (with the help of a public vote) will determine the destination of grants of up to £35,000. Costs can include staff costs that are linked to the project and funding is available for projects lasting up to 18 months.

The priority areas for our region are:

  • projects that will help people investigate self-employment and start their own business.
  • organisations that help to improve the financial education of disadvantaged people to help them manage their personal finances more effectively.
Financial capability

The Money Advice Service describes financial capability as:

giving people the power to make the most of their money and improve their lives. This means addressing all the factors that influence people’s behaviour around money: skills and knowledge, our attitudes towards money, motivation to take action, and the accessibility of financial services.

Financial capability projects often target specific vulnerable groups, such as the elderly or those with additional needs, and may include, but are not limited to, money management, budgeting, short and long-term financial planning, fraud awareness and financial abuse.

Here are some examples of previous projects that have received funding.

You can apply if:
  • You’re a not-for-profit organisation or an eligible state-funded education body e.g. charity, social enterprise, community group, school, college.
  • You can demonstrate experience of working in and/or with disadvantaged communities.
  • You’re able to demonstrate experience in measuring the impact of your projects.
  • Your organisation has a turnover of less than £10 million as shown in your most recent set of accounts or is a state-funded school or college.
  • Your organisation has been constituted and in operation for at least 2 years. (Not applicable to schools/colleges).
How to apply:

Through this link, which will go live in early September.