Lloyds Bank Foundation for England and Wales - Racial Equity Grants

Aims/priorities: The funding is for organisations who are led by the communities they serve and alongside providing immediate crisis support and working with people over the longer term to help them break free from poverty and achieve their potential.

Who can apply? Registered charities, charitable incorporated organisations (CIOs) and community interest companies (CICs) can apply.

To be eligible, all organisations must:

  • Be based and working in England and Wales and outside of London. Most of the organisation’s time and money is spent on activities in England and/or Wales and outside of London and helping people living in England and/or Wales and outside of London.
  • Have an annual income of between £25,000 and £500,000 in the last set of published accounts. This is total income and, in the case of consolidated accounts, should cover all entities within those accounts.
  • Have a bank account in the name of the organisation with unrelated signatories. If the application is successful, the grant must be paid into this account.
  • Be able to show the majority of people in positions of power (including directors/trustees, the CEO and senior managers) are not related nor living at the same address.
  • Have a track record of delivering services, for at least one year, to people aged 17 and over. Applicants must currently be delivering these services.
  • Have a safeguarding policy in place.
  • Hold Public Liability Insurance.
  • Be an independent organisation.
  • Not have a live grant with Lloyds Bank Foundation with more than 12 months to run at the time of the programme closing.

Registered Charities and CIOs must:

  • Be registered as a charity or a charitable incorporated organisation (CIO) with the Charity Commission.
  • Have at least one set of annual accounts showing as ‘received’ on the Charity Commission website, covering a 12-month operating period.
  • Have a Board of at least three unrelated trustees in place, with their names appearing on their Charity Commission records.
  • Not make any payments to trustees, except for out-of-pocket expenses.

Community Interest Companies must:

  • Be Limited by Guarantee or Limited by Shares under Schedule 2 and be registered with Companies House. Their Articles of Association need to show an asset lock is in place and they have named the organisation that will receive the company’s assets on dissolution.
  • Have at least one set of annual accounts filed with Companies House that show a track record of frontline delivery. They must also have filed their CIC Annual Report CIC34 for the last year and be able to submit their profit and loss account for their last financial year.
  • Have at least three unrelated Directors sitting on their Board who are registered with Companies House.
  • Show that no Director holds more than 50% of the company’s voting rights.

Applicants should refer to the guidance document which sets out the full criteria.

Grant amount: A total of £3 million will be awarded in 2023.

It is anticipated that 40 organisations will receive a grant.

Successful applicants will receive grants of £75,000, over three years (£25,000 per year).

The Foundation will also offer grant recipients a range of tailored additional support to help them to strengthen, be more resilient and develop further.

Application process: 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 guidance notes and all other relevant documents can be found on the Lloyds Bank Foundation for England and Wales website.

Deadline: Wednesday 31 May 2023 (5pm). Applications will be considered in a panel on 4 October 2023

Contact information: Tel: 0370 411 1223 Email: enquiries@lloydsbankfoundation.org.uk

Website: Lloyds Bank Foundation

over £25,000
Charitable Company
Constituted Group
Registered Charity
Social Enterprise
Funding Theme: 
Communities Experiencing Racial Inequalities
Unpublish Date: 
Wednesday, 31 May, 2023