There are many ways poverty and inequality can be addressed and there is no silver bullet. A variety of approaches are needed on a number of issues. We all have a role to play: the state, employers, investors, civil society and as citizens. Together we have the resources and power to create a more equal society, where everyone has the chance of a decent and secure life, and where we fully utilise people’s potential to contribute.
Poverty and inequality can be experienced by many people but there are some groups who are more affected than others. For example, disabled people and some black and minority ethnic communities are more likely to have low incomes and have little wealth compared to the average. These problems can be even greater for those facing multiple disadvantages. We want to address these specific inequalities through our funding programmes.
At the Trust we do not have enough resources to support all the work that is needed to make London fairer. In developing our funding strategy, we have reflected on what the key drivers of poverty and inequality are and considered where we can best make a difference. We have reviewed what others are doing, consulted widely and as far as possible have taken account of significant issues such as Brexit and changes to the economy. Much of this funding strategy builds on our previous work. We have seven funding programmes:
- Good Homes and Neighbourhoods
- Better Work
- Decent Living Standards
- Shared Wealth
- Pathways to Settlement
- Stronger Voices
- Connected Communities