Nationwide Foundation offers £3.2m

Financial exclusion, housing and homelessness projects can apply

The Nationwide Foundation has launched a £3.2m grants programme for charities dealing with financial exclusion, housing issues and homelessness.

The fund will be split between a small grants programme and an investor programme.

The investor programme will offer three-year grants of up to £300,000 to charities with annual incomes of up to £10m. One-off grants of up to £5,000 for charities with incomes below £500,000 will be offered through the small grants programme.

Charities offering financial and housing support to victims of domestic abuse and to elderly people will be the fund's main beneficiaries.

Lisa Parker, chief executive of the foundation, said:  "Without financial education, many people will not know how to survive the current harsh economic realities, so we are targeting charities that help the minority groups who are the most vulnerable and in need."

Applications for the investor programme must be made by 31 May, but the small grants programme has no deadline.

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