Credit Union Foundation - Lloyds Banking Group’s Credit Union Development Fund

Summary

Funds are available to strengthen the financial position of credit unions and give them the capacity to develop new strategies for sustained and effective growth. Two kinds of grants are available: Large awards (of between £50,000 and £100,000) will provide a contribution to a credit union’s reserves and help remove barriers to growth and innovation; Seed funding awards (of between £10,000 and £20,000) will help credit unions to make the changes they need to apply for a large award in a subsequent year or to pay for the costs of merger or investment in digital improvements.


Fund details

Status:
Open
Type:
Grant
Source:
Private/for Profit Organisation
When to apply:
Applications close on 30th June 2019.
Next deadline:
30 Jun 2019
Charities only:
No
Website:
http://www.creditunionfoundation.org.uk/projects/developmentfund
Email:
[email protected]
Phone:
0161 832 3694
How to apply
There is a two stage application process. Stage one applications and guidance are available on the website.
Exclusions
Only credit unions authorised to operate in England, Scotland, Wales and Northern Ireland can apply for an award.

Fund award sizes

Minimum:
£10,000
Maximum:
£100,000
Average:
No average provided
Annually awarded:
£1,000,000
Notes on award amounts:
The fund provides seed grants of £10,000 to £20,000 and large awards of between £50,000 and £100,000.

Organisation

Name:
Credit Union Foundation Ltd
Website:
http://www.creditunionfoundation.org.uk/home
Email:
No funder email address
Phone:
0161 832 3694
Address:
Holyoake House, Hanover St, , Manchester, M60 0AS


Geographical Areas

  • UK

Activities

  • Financial advice and support

Beneficiaries

  • Economically/socially disadvantaged
  • General public
  • People in poverty
  • Third sector organisations