Barclays will make 100 donations of £100,000 to registered charities in the UK to support Covid-19 relief efforts, as part of its 100x100 UK Covid-19 Community Relief Programme.
Barclays is inviting eligible UK registered charities to apply for funding to support immediate Covid-19 relief work in communities across the UK.
This represents an initial investment of £10m from Barclays’ £100m Community Aid Package, which was announced on 7 April.
The bank expects to begin distributing funds in June, subject to completion of due diligence and additional internal governance requirements.
A statement from Barclays reads: “Charities applying should demonstrate a track record of delivering impactful, on-the-ground support to directly meet the needs of vulnerable communities facing social and economic hardship as a result of the Covid-19 outbreak.
“They will be able to articulate how funding from Barclays will be deployed to meaningfully support or boost their work, and they will be able to meet the immediate needs of vulnerable communities by deploying Barclays’ donation within six months of receiving funds.”
Barclays will partner with each selected organisation to understand the positive impact that the donation has made on vulnerable communities impacted by Covid-19, and the associated social and economic hardship caused by the crisis.
To apply for the programme, charities must be registered in the UK, have an annual income of more than £1m, actively operate in UK communities where Barclays has a presence, and be currently working to support vulnerable people impacted by the Covid-19 crisis.
Some organisations are also excluded under Barclays’ donations policy. These include political and certain religious organisations.
'We hope our package will provide relief to some of these organisations at a time of acute stress'
Jes Staley, chief executive of Barclays, said: “Ten days ago we made our first donation from the Community Aid Package, supporting the Felix Project in its mission to rescue surplus food from wholesalers and deliver it direct to food banks, schools, other charities and emergency food hubs in London. I’m delighted that from today, eligible charities will be able to apply for funding to support their efforts right across the UK.
“We know that the charity sector has been severely impacted by the effects of Covid-19. We hope our Community Aid Package will provide relief to some of these organisations at a time of acute stress.”
Further details of the 100 x 100 programme, and an online application form, can be found on Barclays website. Applications can be made between 4 and 22 May and will be reviewed by an internal Barclays committee.
Barclays will look to ensure a spread across different geographical locations, communities being supported, and type of relief work being undertaken.