£8 million for homelessness prevention
Lloyds Bank Foundation is launching the New Beginnings Fund, investing £8 million in homelessness prevention.
This fund will work with community organisations who are supporting people at key turning points in their lives when the risk of homelessness is highest including people leaving:
- prison
- the care system
- an abusive relationship
- the asylum system on securing the right to remain
Who will they work with?
They will work with charities, charitable incorporated organisations (CIOs) and Community Interests Companies (CIC) whose main purpose is to support people through one of these turning points.
Beyond housing, this support could take many forms, such as immigration, welfare, or health advice. Any immediate support will lead to longer term in-depth support, enabling people to navigate this change and have more control, connections, opportunities and wellbeing in their lives.
Number of grants they will award:
Between 40 to 50 grants to organisations across England and Wales, offering two types of grants:
1. A £100,000 grant - made up of four £25,000 annual payments
2. A £200,000 grant - made up of four £50,000 annual payments
- For organisations with an annual income between £100,000 and £2 million
