Lloyds Bank Foundation for England & Wales has made the pledge as part of a new five-year strategy, announced this week. The ‘Building a Better Future‘ strategy prioritises equity, diversity and inclusion, and sees the Foundation commit to “helping small charities become more resilient, communities to grow stronger, and people to overcome complex issues and barriers so they can transform their lives.”
It will build on its existing commitment to addressing racial inequity by allocating at least 25% of its core funding to charities led by and for Black, Asian and minority ethnic communities.
Another 25% will be committed to charities led by and for D/deaf and disabled people. The Foundation is working with charities led by and for these communities on developing these programmes ahead of launching next year.