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City Bridge Trust launches £100m charity pot to help disadvantaged Londoners

Melanie May | 24 April 2018 | News

City Bridge Trust has launched a new five-year funding programme, Bridging Divides, which will see £100m distributed to the capital’s charities to help disadvantaged Londoners.
In a consultation, City Bridge Trust asked Londoners, charities and community groups, public and private sectors, funders and policy makers for their views on the health of the charity sector.
Responses spanned 1,000 Londoners and described a charity industry ‘in crisis’ and ‘at tipping point’, with reductions in state funding and spiralling costs of living in London contributing to a surge in demand for services.
Through Bridging Divides, City Bridge Trust has pledged a more flexible charity funding approach, including grants of different sizes and duration, with more targeted social investment and match funding.
City Bridge Trust’s research also saw the capital’s charities raise Brexit as an issue of concern, with uncertainty about future European Union funding, staff recruitment and demand for charity services all being referenced. Bridging Divides aims to address these concerns through targeted charity funding.
Areas to receive support from Bridging Divides include:

Alison Gowman, Chairman of the City of London Corporation’s City Bridge Trust Committee, said:

“In the next five years we will transform the lives of thousands of Londoners most in need.
“We will give a voice to people who are underrepresented, give independence to those who are held back, and cut the inequality which should not exist in the capital.
 “Working closely with charities we can stay alive to the changing needs of Londoners, strengthen our communities and make this city a fairer place to work and live.”

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Bridging Divides is split into three new charity funding programmes – Connecting the Capital, Positive Transitions, and Advice and Support.

City Bridge Trust will also offer charities advice on business development, environmental sustainability policies and exit strategy planning.
The Trust makes grants of £20 million a year to tackle disadvantage and inequality across the capital. It has awarded more than 7,700 grants totalling over £370 million since it first began in 1995.
 

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