Aims/priorities: The MSE Charity, the charitable fund of financial advice website MoneySavingExpert.com, is dedicated to supporting UK voluntary groups deliver financial life skills, which make a lasting impact on the way people think, behave and manage their money.
The charity operates a themed approach for each funding round. This grant round, Raising the Next Generation is targeting and supporting the younger generation (under 25) who in the current difficult economic climate need support to develop and learn personal financial life skills.
All applications must demonstrate how the project they are seeking funding for has a lasting impact on the people taking part.
There is particular interest in applications which use memorable, innovative, and or creative ways of delivering financial life skills which will make a lasting impact on the way people think, behave and manage their money.
The following are not eligible for funding:
- Capital equipment such as laptops, projectors or other electronic devices.
- Applications only providing debt advice/management.
Who can apply? Small to medium-sized non-profit organisations with a constitution can apply, including UK registered charities, community interest companies, social enterprises and credit unions.
To be eligible, applicants should:
- Have an annual income of less than £500,000.
- Have unrestricted reserves that are less than six months of their running costs.
Community interest companies and social enterprise organisations must have a governing document which shows the name, aim/purpose, objects of the group, including a dissolution clause - what happens if the group ceases to function. This clause should show that they are a not-for-profit group by confirming that any assets remaining after all debts are paid will be given to another voluntary group with similar aims. This document should also include details of their Trustees or management committee.
Grant amount: The maximum grant available is £7,500.
The MSE Charity will consider full project cost recovery, but costs must only relate to the project itself and not the organisation's core funding.
Application process: Groups should start the application process by taking the Eligibility Quiz, which can be found on the MSE Charity website along with the online application form, a set of guidance notes and FAQs.
Deadline: The grant round closes on Friday 26 February at 5pm or earlier if we have already accepted 40 applications.
Contact Information: Email: info@msecharity.com
Website address: www.msecharity.com/