Friends of Provident recognise that the way our economy works contributes to many of the challenges facing society. They believe there is another way, one where the economy supports people and the planet rather than taking from them.
They provide grant funding for projects and organisations that are working towards a fairer, more sustainable economy.
Their current open funding strands:
- Transforming financial systems – open until Septemeber 2027
- New economy infrastructure
What they fund
To further test the eligibility of your project try their eligibility quiz.
Successful applications must fall within their open funding priorities and are likely to include one or more of the following characteristics:
- Applications that get to the root causes of problems in our current economy rather than tackling the symptoms of those problems.
- Applications that seek to remove blocks to change in the economy and financial system.
- Applications that are taking a systemic approach to tackle the impacts of the economic system on marginalised groups.
- Applications that are taking a systemic approach to address the negative impact of our economic system on the health of the planet.
What they don’t fund
- Activities outside of the UK.
- Funding for individuals (including PHDs), general appeals, and employability/training programmes.
- Promotion of religion
- Political activity – for example activity targeted at a specific political party or at changing of influencing voting behaviour.
- Pure research (unless commissioned by us) or the rollout of existing ideas.
- Service delivery, such as new community centers, and activities directly benefiting employers or industry.
- Applications that focus on a singular sector of the economy or a single type of intervention/ economic alternative that on its own isn’t sufficient to bring about change. This means that we are unlikely to support applications focused on areas such as social enterprise, business support or employment.
- Applications that focus on the impacts of our system at the individual level – e.g. financial inclusion, relief of poverty for individuals or single communities (rather than addressing the causes of poverty) employment support or training.
What size grants are available?
The average grant is in the region of £100-120k over two years.
