EFC member City Bridge Trust has recently launched its new grant programme ‘Bridging Divides‘. This initiative comes following an extensive review of its funding and will now see approximately £100 million distributed over the next five years to tackle inequality across London.
Three new grantmaking priorities have been developed:
Connecting the Capital: Making London’s communities strong and more resilient, enabling them to thrive.
Positive Transitions: Work that will enable Londoners experiencing inequality to make important transitions in their lives.
Advice and Support: Providing access to good quality and support in order to reduce and address inequalities.
Through focusing on these three priorities, it will help to establish London as a city where all individuals and communities can thrive.
On top of this, the Trust will also adapt a new approach to how they work with London’s civil society. The first step will see the Trust offering revenue funding grants of up to five years to provide organisations with greater certainty as well as offering to fund core costs. And secondly, the Trust will offer different types of funding, starting with a small grants programme, before exploring other other options including social investment and blended finance. Finally, there will be research into how to use all of their assets as a funder including their networks, knowledge and links to the public and private sectors.