Lloyds TSB Foundation for Scotland resumes grant-making

Organisation has £2m available for distribution to charities in chunks that depend on their income

The Lloyds TSB Foundation for Scotland has announced the details of its first grant-making programmes since it stopped giving out grants last year.

It has £2m available for distribution, which has come from the sale of half its shares in Lloyds Banking Group.

The foundation stopped allocating grants in October after a disagreement with the group over the company's decision to cut the percentage of profits it gives to the four UK foundations. It was unable to agree a new funding settlement with the banking group and was told in February that it would not receive any more funding from the bank once the current covenant expired in nine years' time.

The main element of the re-instituted grant programme is the Henry Duncan Award, named after the Reverend Henry Duncan. He founded the first trustee savings bank 200 years ago, which led eventually to the establishment of the foundation.

Organisations that apply must show an interest in improving the quality of life for people who are disadvantaged or at the risk of becoming so.

Grants will be available to organisations with annual incomes of less than £500,000 in two categories. Organisations with incomes of less then £25,000 a year can apply for grants of up to £2,500; those with larger incomes can apply for more. There is no maximum grant size, but the foundation said the average award was likely to be between £6,000 and £8,000.

The first deadline for applications is 24 May, with further deadlines for subsequent tranches in July and September.

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