Financial Literacy Innovation Fund – United Kingdom

Any type of organisation can apply for funding, so long as they can demonstrate commitment to development of children and young people’s financial literacy. This includes non-profit organisations, social enterprises, and for-profit companies.

Objectives

• They are not seeking to fund business as usual. They are seeking to support innovations that have the potential to achieve one or more of the following objectives:
  • Create entirely new solutions
  • Enhance your existing programme(s)
  • Address clearly identified gaps in provision for vulnerable children
  • Expand existing programme to different geographical location or group
  • Harness technology to engage more children

Funding Information

• For this round, they’re seeking applications for funding between £20,000 and £80,000.

Criteria

Your innovation must:

• Seek to improve the financial capability of children aged 5-11 in the UK (i.e. primary school age)
• Be a new approach
• Have a clear role for TCFC
  • They are especially interested in supporting innovations that may otherwise struggle to secure funding from traditional sources. They are also seeking applications that may be able to leverage non-financial support and skills from TCFC and its corporate partners.
• Have clearly defined target outcomes
  • They want to fund projects that are clear on the outcomes they want to achieve and how they contribute to the wider vision of ensuring every child and young person in the UK benefits from financial education.
• Generate new knowledge about what works
  • They’re looking for partners willing to work with the to evaluate the project and share learning with others.

What they won’t fund?

• Grant-making organisations
• Research or theoretical development activity that is not linked to a specific real-world pilot or programme delivery
• Innovations that do not primarily seek to benefit children in the United Kingdom
• Organisations that exist to promote the success of a political candidate or party
• Organisations that exclusively support members of a single religious faith
• Organisations that cannot demonstrate sound organisation governance and safeguarding practices.

For more information, visit The Centre for Financial Capability.