Funding for strategic work, including policy work, campaigning and research, which has the potential to improve financial wellbeing at a national scale in the UK, especially for those on low-to-middle incomes.
The Foundation is interested in funding projects that examine and promote measures to:
- Increase incomes for those on low-to-middle incomes.
- Ensure people have an adequate safety net, building savings and assets.
- Reduce the cost of living, making sure those on lower incomes are not paying more.
- Address issues related to spending and borrowing, particularly where it becomes problematic.
- Ensure that there is fair taxation.
- Improving the household finances of people on low-to-middle incomes in the UK during the transition to Net Zero and adjustment to climate change.
Projects must benefit more than individuals and have the potential to benefit large numbers of people within the UK. Projects must aim to create a step change in policy, practice, attitudes and/or behaviour.
ELIGIBILITY
Eligible projects include:
- Policy work.
- Campaigning.
- Research.
- Public attitudinal work.
- Improving practice and design.
- Evaluations of existing initiatives that have not been evaluated.
The grant can be used for project costs and for ongoing costs, including staff salaries and overheads.
The Trust’s grant programme is focused on three core areas that influence financial wellbeing:
- Income
- Spending
- Assets
Within each area (aka ‘funding programme’) there are specific issues that the Foundation aims to address and to be eligible for funding, projects should help to support at least one of these issues (see funding programmes in the Funding Guidelines document below).
A fourth funding programme, Climate Change and Household Finances in the UK, is also available but not covered in the below document – click here for more details.
VALUE AND DURATION
There is no minimum or maximum size of grant, but typically grants range between £10,000 and £200,000, with most being between £50,000 and £120,000 in total.
The funding may be spread over one, two or three years, and sometimes shorter periods, for example six months.
KEY DATES
Next deadline: 5 February 2025 (1pm)
It takes around four to five months from the application deadline to receiving a decision from the Trustees. Applicants will find out if they are shortlisted within two months of the application deadline.