Lloyds Bank Foundation Covid Recovery Funding – deadline 5pm 11 September 2020

Lloyds Foundation support charities with an annual income of £25,000 to £1million who have a proven track record of helping people on a journey of positive change through in-depth, holistic and person-centred support, with unrestricted funding and tailored support to develop.

Who can apply?
  • Only funds registered charities and charitable incorporated organisations (CIOs) in England and Wales.
  • Your group must offer services that are in in-depth, holistic and person-centred, targeted and promote a journey of change. More can be found on the guidance notes here (see section ‘What do we mean by’)
  • Your charity must have its own bank account.
  • Your charity must work with people aged 17 and older (adults).
  • You need to have one year of published accounts.
  • Your charity’s annual income needs to be more than £25,000 but less than £1 million.
  • You must have free reserves of less than 12 months → Free reserves are the amount of unrestricted cash reserves your charity held at year-end. This includes reserves which you have decided to allocate but are free to reallocate as needed and does not include the value of fixed assets such as buildings.
  • Your Board must have at least 3 unrelated Trustees.
How much can you apply for?

The Covid-19 Recovery Fund will offer around 150 charities a two-year unrestricted grant of up to £50,000 alongside a Development Partner to help charities navigate a tumultuous future.

What are the funding priorities?

Their ambition is to support small and medium-sized charities to recover and renew beyond the immediate health crisis. Beyond unrestricted funding, they know that charities need the space and support to adapt their organisational, income generation and service delivery models which have been significantly impacted by the pandemic.

You must be able to show that you have been delivering services for people living with complex social issues that meet their criteria for over a year, these complex social issues include (see precise definitions and individual links here):

  • Addiction or dependency on alcohol, drugs, and/or gambling
  • Asylum seekers and refugees
  • Care leavers
  • Domestic and sexual abuse
  • Homelessness/vulnerably housed
  • Learning disabilities
  • Mental health
  • Offending, prison or community service
  • Racial Equity
  • Sexual exploitation
  • Trafficking and modern slavery
  • Young parents
Is there a deadline?

The deadline is 5pm 11 September 2020 and you will be given a decision within 3 months. It should be noted that not all categories are currently open to those applying in the Reading area. Categories that are currently open for Reading charities are:

  • Care leavers
  • Domestic abuse
  • Homeless and vulnerably housed
  • Mental health
  • Offending, prison or community service
  • Sexual abuse and exploitation
  • Trafficking and modern slavery
  • Young parents

You will need to check which categories are currently open in the Reading area. To do this, click one of the categories listed here and type your local authority into the box at the end of the page.

Further information and support