London Youth is pleased to announce that, thanks to the support of the CVC Foundation, we will be repeating our Summer Grants scheme this year. Applications are now open for grants of up to £5,000 to help our members fund summer projects to be delivered in July and August.
CVC Capital Partners (“CVC”) is a private equity and investment advisory firm, who since 2011 has an established foundation, The CVC Foundation, whose mission is to use the resources of CVC to make a measurable impact on the lives of disadvantaged children and young people in the communities where it operates.
For the second year running, London Youth is partnering with CVC Capital Partners to offer its members small grants to run activities for young people during the summer holidays.
The CVC Foundation has made funding available for London Youth to distribute to member organisations focused towards the following criteria:
- Achieved a level of the London Youth Quality Mark in the last three years
- Young people’s involvement in the proposal
- Able to identify how the funding will be spent
- Sustained impact for the young people that take part in it
How much and what can organisations spend the money on?
In total there is £30,000 of funds available for this year’s programme, and following a panel review CVC will award a proportion of the total amount to organisations based on the strength of their application considering the criteria focus as outlined above. As an example CVC could award six organisations £4,000, or 12 organisations £2,000 (or less). As a result we will be asking for applications for up to £5,000 per application.
CVC are particularly interested in projects that can show long-term impact for the young people who take part in them. For example, through the achievement of accreditations or by learning important life skills. Organisations may be interested in exploring adding sessions similar to MyBnk’s Sporty Money Twist, where young people will receive financial education through sports, to their project proposals.
- Deadline for submissions: Friday 13 May 2016 at 12pm
- CVC Panel to review applications: 16 to 27 May 2016
- Decisions communicated to applicants: Week commencing 30 May 2016
- Projects to be delivered: July & August 2016
Applications should be submitted, together with a completed budget to firstname.lastname@example.org by 12pm on Friday 13 May 2016.