There is a clear, evidence-based link between race and poverty. Black and minoritised households in the UK are twice as likely to be living in poverty as their white counterparts. This disproportionate inequality is at the heart of racial injustice, and it’s unacceptable.
We want to directly fund organisations led by Black and minoritised communities working to challenge racial and economic injustice. Our aim is to hear fresh voices, build alliances and test out new ideas to help increase wealth and income in Black and minoritised communities.
We are funding the Runnymede Trust to research barriers to home ownership, and how this stifles economic growth for Black Londoners. This will be used to bring forward policy ideas informed by people's experiences.
The New Black Film Collective
The New Black Film Collective's aim is to become the UK's leading agency for Black film. We are funding them to build on an existing campaign the NASUWT (Teacher’s Union), calling for action to tackle the pay and progression gap between Black teachers and their white counterparts.
We are funding Latin Elephant to create a partnership with other community-led organisations in London campaigning against gentrification. They will find new approaches to engage Black Londoners in regeneration of their areas.
Money A+E is a Black-led social enterprise, providing accessible money advice and education. We are funding a partnership with Fair Money Advice which will focus on overcoming barriers facing Black and minoritised Londoners from accessing financial products and services, while also increasing representation within financial services jobs.
We are funding CommUNITY Barnet to research the barriers currently faced by local Black businesses. This work will inform a campaign to increase investment and support of Black social enterprises and entrepreneurs.
Southall Community Alliance
The Southall Community Alliance is as an umbrella organisation of more than 70 community groups supporting local groups. More than 90% of their users are Black, Asian and Minority Ethnic. The team will be using the grant to build an understanding among these groups of how building rental income and asset related projects can provide significant funding for the benefit of Southall's minority communities.