Lloyds Bank Foundation for England and Wales has launched its Racial Equity funding for small and local charities that are led by and that support Black, Asian and ethnic minority communities.
The funding strand, which opened on 20 April (2021), allows charities to apply for two-year unrestricted grants of £50,000, alongside development support.
The funding is open year-round, meaning charities can apply at a time that suits them and will not be restricted by deadlines. The Foundation is looking to support charities where more than half of their Trustee Board self-identify as Black, Asian or minority ethnic, with an annual income of between £25,000 and £1 million, and with a strong track record of helping people from minority communities across 11 complex social issues.
Lloyds Bank Foundation for England and Wales is committing at least a quarter of its £9.5m grants budget in 2021 for small charities led by and for Black, Asian, and minority ethnic communities. This follows on from the same commitment made last year by the Foundation, which awarded 38 per cent of its COVID Recovery Fund Grants in 2020 to small charities led by members of minoritised communities.
For further information and to apply, please visit the Lloyds Bank Foundation website.