Lloyds Bank Foundation COVID Recovery Fund
On 3 August 2020, Lloyds Bank Foundation launched a £7.4 million COVID fund, aimed at supporting charities to recover beyond the immediate crisis.
The COVID Recovery Fund will offer around 140 charities a two-year unrestricted grant of £50,000 alongside a Development Partner to help charities navigate a tumultuous future.
This fund is open to small and medium sized charities with an income of between £25,000 and £1 million a year that are helping people overcome complex social issues such as dependency, homelessness and domestic abuse.
There is an explicit link between the vast majority of our complex social issues and racial injustice, and these intersecting inequalities are best addressed by the small charities that are rooted in the communities they serve. Lloyds Bank Foundation want to ensure that this funding is distributed equitably to the charities that are best placed to serve the communities who need it most. To make sure they can achieve this, a minimum of a quarter of this funding will go to charities that are led by and for people from Black, Asian and Minority Ethnic communities.
Applications will open from 10am 3rd August 2020 and will close at 5pm 11th September 2020.
They will be holding a Q&A webinar with the grants team on 11th August between 2pm – 3.30pm – you can register here to learn more and ask questions about the fund.
To find out more about this fund, please click here.