The Trust is please to announce the launch of our new grant programme, Bridging Divides. This follows a review of our charitable funding and will see around £100m distributed over the next five years to tackle inequality across the Capital.
Bridging Divides will have three funding priorities: Connecting the Capital, Positive Transitions, and Advice & Support. These will help the Trust to achieve its vision for London to be a city where all individuals and communities can thrive, especially those experiencing disadvantage and marginalisation.
As well as the above new priorities, we will also be adopting a new approach to how we fund organisations.
Firstly, to provide organisations with greater certainty, we will offer revenue funding grants of up to five years. We will also be offering to fund core costs as we recognise that these can be difficult to fundraise for.
Secondly, over the next five years we will be exploring different types of funding, starting with the launch of a Small Grants programme. This will be followed by different models involving social investments and blended finance. Whilst these will not be right for every organisation, we want to be innovative and open-minded as to what we can offer.
Finally, we will be looking at how we can make best use of all of our assets as a funder, including our networks, knowledge and links to public and private sectors. This will form part of our “Funder Plus” offer which is currently under development.
Applications on Bridging Divides are open now – for more information on the priorities and how to apply see here.