The Money Advice Trust Innovation Grants Programme offers grants of up to £30,000 per year for up to three years to charitable organisations in the UK.
Funding is available for projects that demonstrate innovative practice and meet either aim 1 or 2 whilst assisting the Trust in achieving aim 3:
- Empower individuals and microbusinesses to tackle their debts and improve financial health.
- Support staff in charities across the UK to provide effective debt and/or money advice.
- Improve the UK’s money and debt environment through the dissemination of successful innovative practice from funded projects.
The Trust is looking for project proposals that demonstrate how they will support individuals or microbusinesses who are in severe financial hardship, who are financially excluded and/or who are hard to reach to:
- Increase their financial literacy.
- Reduce their debt.
- Maximise their income.
- Save money for the future.
- Access affordable credit and financial services.
The following is a list of themes that the Trust is particularly interested in funding in 2016; however applications on themes outside of this list will still be accepted:
- Household budgets, particularly how to help people with deficit budgets.
- Cost effective ways to engage with clients to develop their money skills.
- Overcoming barriers to accessing advice using established channels.
- Supporting self-employed client who have low incomes.
The deadline for Expressions of Interest is 5 July 2015.