Schools, charities and community groups can apply for grants of up to £5,000 for projects with a charitable purpose which benefit the community as a whole.
The Fund is particularly interested in supporting projects whose aims relate to financial inclusion, financial education, entrepreneurship or developing skills useful in business.
The funding must also make the project or group more sustainable. To be eligible to apply for funding the applicant organisation must have had a gross income of £500,000 or less in the most recent full financial year; have a written constitution and a management committee; and have unrestricted reserves that are less than 6 months' running costs.
Applications can be submitted at any time and are reviewed by Trustees on a quarterly basis.