The funding is help them deliver activities within the UK that improve people’s ability to become more financially capable in their present and future circumstances.
Examples include:
- Money management workshops.
- Training volunteers to deliver workshops or to provide peer-support to others.
- Upskilling existing staff to access financial capability training to support their end-users directly.
- Provide access to financial inclusion activities for people who are disadvantaged in anyway such as by age, disability, ethnicity or gender.
The funding is to be used for specific activity costs related to financial capability projects only.
Up to £500 per application can be used for essential IT equipment for project delivery.
Full cost recovery is supported. Consideration will be given to requests for direct project costs and for a proportionate share of the organisation's overheads (core costs) up to a maximum of 15% of their project budget.
Applications will be accepted from UK registered charities, community interest companies (CICs), credit union, not-for-profit companies limited by guarantee, and social enterprise companies who have been established and active for at least 18 months, have an annual income of less than £750,000 and less than six months free reserves. They must be based and working within the UK.
There are two funding rounds per year (Winter and Summer) each with a two stage application process.
The deadline for Stage 1 proposals is 31 January 2025 (5pm).