City organisations can bid for grants from £5m funding pot

Organisations making a difference in the City of London are being invited to bid for grants from a multi-million pound community fund.

Since it launched two years ago, around £3.5 million has been distributed to charities, residents’ associations, businesses and other organisations through the Neighbourhood Fund, derived from a levy on new developments in the City.

Beneficiaries have included a transformative scheme helping young people into work, a therapeutic garden for people with cancer, improved bike parking facilities for residents and educational and cultural projects.

The City of London Corporation, which administers the funding, has now simplified the process of applying for funding from the remaining £5 million available, set a fixed maximum grant amount of £500,000 and agreed that organisations can bid for repeat funding.

The City of London Corporation’s Policy Chairman, Chris Hayward, said:

“Since it launched, the Neighbourhood Fund has made a real impact on communities in the Square Mile, from educational projects to improving facilities for residents to boosting culture and tourism.

“The fund is helping to ensure that developments in the City are having a wider positive impact on people who live, work and visit the Square Mile.

“It’s now easier than ever to apply for funding, so I’d encourage any organisations in the City looking to make a difference to communities to make sure they don’t miss out.”

Grants awarded include £46,000 for the Ready To Work scheme run by the charity XLP, which works with businesses in the City to offer training and support to help young people form disadvantaged backgrounds into work.

XLP Funding Director Tim Sledge said:

“Young people often come to us with a blank sheet of paper – they are not in education or training and don’t have work experience or skills. The Neighbourhood Fund has helped us to fill in the blanks of their lives so they can compete on a level playing field.

“The Ready To Work scheme has a transformative effect on young people’s lives, igniting their ambition and helping them get to a point where they’re defined not by their disadvantage but by their potential.”

Other grants awarded include £254,000 to the charity Maggie’s for a cancer support specialist and therapeutic garden at Barts Hospital, £250,000 to the Temple Bar Trust for an educational programme and £50,000 to improve cycling facilities and accessibility for residents on the Golden Lane housing estate.

Organisations can apply for funding from the Neighbourhood Fund online at www.cityoflondon.gov.uk/neighbourhoodfund

Picture captions

- Emmanuel worked with recruitment consultant Goodman Masson to support the company on greater understanding of diversity and inclusion through an extended work experience programme

- A group of young people on a visit to one of XLP's corporate partners, investment firm Cain International

Notes to editors

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK – www.cityoflondon.gov.uk

Tim Fletcher | Media officer – public services
City of London Corporation
07738 862229 | tim.fletcher@cityoflondon.gov.uk