RBS Skills and Opportunities Fund Opens
The Royal Bank of Scotland set up the £2.5 million RBS Skills and Opportunities Fund in 2015 to support organisations that help people in disadvantaged communities develop, create or access the skills and opportunities they need to help themselves, skills that will enable them to get into work or start a business, now or in the future.
Grants of up to £35,000 are available for projects that will promote education, develop skills for employment and help people to start a business. No more than 25% of the project spend can be capital costs. Large capital costs are not eligible, eg buildings, land purchase, refurbishments, large items of equipment. Small items of capital equipment are allowed if they are used within the delivery of the project.
Not-for-profit organisations or an eligible state funded education body, such as a charity, social enterprise, community group, school, or college can apply.
To be eligible, applicants must:
Be based in either the UK or Republic of Ireland.
Be able to demonstrate experience of working in and or with disadvantaged communities.
Be able to demonstrate experience in measuring impact of the projects.
Have a turnover of less than £5 million or be a state funded school or college, and have been trading for at least two years.
Be able to complete the project within 18 months of the award.
The maximum grant is £35,000 or 20% of the applicant’s previous year’s turnover. The upper limit of turnover is £5 million. There is no turnover restriction for schools or colleges.
Please note that the fund has been divided into seven regions, each of which has its own priorities that reflect regional differences. Before starting their application, groups will need to look at their region’s priorities to make sure that their application complies with the requirements.
The deadline for applications is 19 February 2016 (noon).