Core funding grants worth up to £100,000 are now available for small and local charities through a new simplified, more flexible and transparent approach, Lloyds Bank Foundation for England and Wales has announced.

The Foundation’s new approach includes continuously open application process, rather than in rounds, clearer turnaround times on decisions, and grants worth up to £45,000 and £100,000 that can be used entirely for core costs, with charities able to flex how much they spend each year.

Lloyds Bank Foundation for England and Wales Director of Grants Harriet Stranks said, ‘Small charities are undervalued and under more pressure than ever, but they are reaching people and communities that big charities and organisations simply can’t. That’s why I’m delighted our new approach to grant-making, developed alongside the charities we work with, will aim to make the process even easier to navigate, more transparent and led by the needs of the applicant.

‘Our ambition is to support small and medium-sized charities over the longer term. This gives the charities we partner with greater flexibility over how they use those resources, allows them to build an in-depth relationship with us and take advantage of the wide range of development support we offer including training, consultancy and mentoring.’

Charities will also able to share existing reports, rather than completing bespoke reports for the foundation and access support from the foundation’s regional managers.

For more on the grants programme visit: lloydsbankfoundation.org.uk