Money Advice Trust Innovation Grants
Neil Puffett
Monday, August 4, 2014
Formed in 1991, the Money Advice Trust aims to help people across the UK to tackle their debts and manage their money wisely. Last year it supported almost one million people. With support from Nationwide Building Society and the Esmee Fairbairn Foundation, the trust launched the Innovation Grants programme in 2011. It offers small grants to support agencies that provide money and debt advice to individuals and businesses, so it can help more people more effectively.
How much is available?
Applicants can apply for up to three years funding of up to £30,000 per year - a total of £90,000.
What will it pay for?
Project proposals must demonstrate how they will support people in: severe financial hardship; who are financially excluded; and who are hard to reach. Projects should aim to: increase their financial literacy; save them money; reduce their debt, and maximise their income.
One area the trust is specifically interested in is helping 17- to 24-years-olds.
Applications will only be accepted from formally constituted organisations. The application does not have to come from a registered charity but the trust can only support work that is legally defined as charitable, for example, work that is for the public benefit and falls into the categories described by the Charity Commission.
When is the deadline?
The closing date for expressions of interest is midnight on 17 August 2014. Applicants submitting expressions of interest will be notified of their outcome by 22 August 2014. If successful, applicants will be invited to complete a full application form, which will ask for more detailed information.
Further information www.wiseradviser.org/how-to-apply
Find more funding at cypnow.co.uk/fundingfinder
