Trust for London has announced is funding strategy for the next four years and is urging charities to apply for a share of £40m.
The new strategy covers 2018-2022 and the independent foundation will continue to support those with a focus on tackling poverty and inequality in London.
There is no minimum or maximum size of grant but the trust says the average grant will be around £80,000. It also says most will be paid over two to three years.
The trust primarily supports organisations with an expenditure of less than £2m a year.
It is particularly interested in “new and imaginative ways of addressing the root causes of London’s social problems, especially work which has the potential to influence and change policy, proactive and public attitudes”.
The guidelines for applicants include seven areas in which the trust will provide funding:
- Good homes and neighbourhoods
- Better work
- Decent living standards
- Shared wealth
- Pathways to settlement
- Stronger voices
- Connected communities
Bharat Mehta, chief executive of Trust for London, said: “These guidelines took over a year to develop. We did research on what funding was already available, held consultation sessions and had many individual conversations.
“At a time when many things are changing and new opportunities and challenges present themselves, trusts and foundations have an important role to play in providing stability for civil society organisations. We will play our part in that. We look forward to receiving our first applications under these new guidelines.”
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Applicants have until 5 October to apply online for the first funding round. Successful grants from this round will go to the February 2018 Grants Committee.
There will be two further funding rounds scheduled to close in February and June 2018.