The £7.4 million COVID Recovery Fund is provided and administered by the Lloyds Bank Foundation for England and Wales.
The funding is intended for 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.
The Fund will provide 140 charities with a two-year unrestricted grant of £50,000 alongside the support of a Development Partner to help identify and act on any organisational challenges they are facing.
To ensure this funding is distributed equitably, a minimum of 25% of the grants will be awarded to charities led by Black, Asian and Minority Ethnic communities.
The funding is available to registered charities that have a track record of working to help people aged 17 years and older to overcome the following issues:
A full explanation of each social issue can be found in the guidelines which are published on the Foundation’s website.
Applications will be accepted from 3 August (10am) to 11 September 2020 (5pm).
The Foundation’s Grants Team will hold a Q&A webinar on 11 August between 2pm – 3.30pm. Registration is required and can be done through the Foundation’s website.