Race and poverty in the UK are clearly linked. Black Londoners are twice as likely to be in poverty than white Londoners.
In 2022 we launched a new racial justice fund with a focus on increasing economic empowerment in London’s Black and minoritised communities. We gave out £840,000 to six organisations under the first phase of funding.
Applications for the second phase closed on 16 October 2023.
Our focus is on tackling racial injustice by reducing poverty in London’s Black and minoritised communities. To do this, we need to:
- increase household income in Black and minoritised communities. When we talk about income, we mean the amount of money households earn; and
- increase the amount of household and community wealth in Black and minoritised communities. When we talk about wealth, we mean the value of assets that households and communities hold.
Collectively, we call this economic empowerment. Fundamentally, we do not think you can have racial justice without economic empowerment.
How it works
The racial justice fund supports new and exciting ideas in Black and minoritised organisations that are working to increase incomes and wealth in local communities in London. Fund details:
- £4 million in total given out over two years
- Grants for up to five years
- Development grants available
- Flexible funding for core and/or project funding
How to apply
Applications for phase two funding closed on 16 October 2023. Successful expressions of interest will be invited to the second stage in the week commencing 20 November 2023.
|Tuesday 5 September 2023||Applications open for expressions of interest|
|Tuesday 19 September 2023, 10-11:15am||Information webinar (1)|
|Thursday 21 September 2023, 10-11:15am||Information webinar (2)|
|Monday 16 October 2023||Deadline for expressions of interest|
|Monday 20 November 2023||Successful expressions of interest invited to apply|
|Friday 22 December 2023||Deadline for submission of full applications|
|April 2024||Grants awarded|
Read the guidance
Empowering change: why there can’t be racial justice without economic empowerment
Phase two of the racial justice fund opens September 2023.
Too many Black and minoritised Londoners struggle to lead lives that are financially secure. We fund organisations led by Black and minoritised communities challenging racial and economic injustice.
Racial justice fund: the six organisations increasing economic empowerment among Black Londoners
Find out more about the six organisations awarded grants in phase one of the racial justice fund.