Lloyds Bank Launches COVID Recovery Fund for Charities

Information from Lloyds bank in regards to the new recovery fund;

At 10am on 3 August 2020 we will be launching £7.4 million COVID funding aimed at supporting charities to recover beyond the immediate crisis.

From our conversations with small and local charities and the wider sector, we know that to be able recover from this health crisis charities need unrestricted funding and the space and support to adapt their organisational, income generation and service delivery models which have been significantly impacted by COVID-19.

To meet these needs, our 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.

To survive the aftermath of the pandemic, charities have needed to alter the way in which they operate, deliver services and source income. Alongside crucial funding, we know charities need the space, support and resources to be able to do this and become more resilient to future challenges. This kind of work is complex, it takes time and involves the whole organisation and with the COVID Recovery Fund programme, a Development Partner will be appointed to work hand in hand with charities through this process.

The Development Partner will support you in this journey through your own internal resources, a range of external partners and consultants through our Enhance capacity building programme and will help you share and learn across charities through structured peer forums.

The months and years to come will be difficult, as a funder, we know that to provide the best support for the charities we partner with we need to learn from them as much as they need to learn from each other. We will develop our own learning to understand how we can be a true partner to the charities we fund and the wider sector.

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.

All the details can be found at: https://www.lloydsbankfoundation.org.uk/about-us/covid