Big Lottery Fund opens £30m fund to help those in financial difficulty

The Improving Financial Confidence programme will offer grants worth between £500,000 and £1m

Big Lottery Fund
Big Lottery Fund

The Big Lottery Fund has launched a £30m fund for projects in England aimed at helping families and individuals avoid financial difficulty.

The Improving Financial Confidence programme, launched today, will offer grants worth between £500,000 and £1m for projects lasting between three and five years, which will be delivered by partnerships led by voluntary sector organisations.

The aim of the programme is to give people more confidence and skills in accessing and using financial services, such as bank accounts and affordable loans.

The fund will focus on helping social housing residents, in particular those who have been moving in and out of work, are in the first 12 months of their tenancies or who are young. It will target 69 local authority areas that have been identified as having the most financially excluded residents.

Voluntary sector partnerships are expected to include at least one major housing association and other relevant organisations from the area.

Sanjay Dighe, chair of the BLF's England Committee, said: "As part of our commitment to People Powered Change, applicants to Improving Financial Confidence will also need to demonstrate the involvement of the people who will benefit from it through its design and delivery. Ideas need to be powered by the people who will be the beneficiaries."

Organisations interested in applying for funding from the programme should visit www.biglotteryfund.org.uk.

Applications will be accepted until 16 September, with awards being made a few months after that, a spokeswoman for the BLF said.

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