Bank of Scotland Foundation provides almost £1m of additional financial support to Scotland’s Third Sector
In light of the new challenge impacting Scotland, we are providing almost £1m of additional financial support to Scotland’s Third Sector to help charities through the cost of living crisis. This will enable us to provide more grants throughout the remainder of this year, as well as providing extra support to our current grantees.
All our current grantees have been offered a 10% grant uplift to help towards rising costs and ensure they can continue to deliver their services. We expect 179 charities to share £327,332.
As there is the strong possibility that some charities will not be able to survive the coming year, we have increased the budgets of our remaining programmes for this year by £650,000 to ensure more charities can benefit from our programmes.
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Bank of Scotland Foundation receives an annual donation from Lloyds Banking Group as part of the Group's commitment to Helping Scotland Prosper. We donate these funds to charities across Scotland through our Grants Programmes and a Matched Giving Programme for Lloyds Banking Group employees in Scotland.
Launched in March 2019, ‘Supporting Positive Change Across Scotland’ is the Foundation’s five year strategic plan which will see a range of new funding programmes open in 2019 and 2020. See About Us for more information.
Charities with an income of £1m or less can now apply for funding between £1,000 - £25,000 over one year.
Charities with an income of between £500k and £5M can apply for capital costs or project costs of £50,000-£100,000 per annum over 1-2 years.
Charities with an income of between £50k and £1m can apply for £10,000 - £50,000 per year over 2-5 years.
Lloyds Bank Colleagues in Scotland can claim UP TO £1,000. Up to £500 is available for fundraising events as well as up to £500 for voluntary time given.
Our Charity Mentoring Programme offers all Foundation funded charities the opportunity to be matched with a Scotland based colleague mentor.