Grants of up to £5000 are available from the Heart of Experian Charity Fund who provide funding to assist small groups and organisations that are often not heard to work at a grassroots level, and help them become sustainable.
Eligible projects must:
- Make the applicant’s organisation or project more sustainable;
- Relate to financial inclusion, financial education, entrepreneurship or developing skills useful in business;
- Have a long-term benefit for the community;
- Have a clear approach or strategy for attracting future funding or otherwise ensuring the continuation of the project;
- Demonstrate that they have a project manager with appropriate experience to be able to successfully deliver the project; and
- Have not received funding from the Charity Fund in the past 12 months.
The small independent charity, which was founded in 2014, is still building up its grant-making. In its first recorded year of operation (year ending 31st March 2016), its grants and donations totalled just £37,688. Priority is given to applicants that have already secured match funding.
Eligible applicants must have:
- A gross annual income of £500,000 or less in the most recent full financial year;
- A written constitution and a management committee;
- A bank account in the group’s name;
- Accounts available to view on the Charity Commission website (or include a copy when submitting an application);
- Unrestricted reserves that are less than six months’ running costs; and
- A charitable project which requires funding of £5,000 or less and benefits the local community.
Grants are not available for:
- National charities;
- Supporting individuals; or
- Salary costs (unless the applicant has a clear strategy for the position’s future sustainability).
Applications may be submitted at any time and are reviewed by the charity on a quarterly basis.
Further information and an application form are available on the Heart of Experian Charity Fund’s website.