The England Illegal Money Lending Team (IMLT) has funding available for groups that want to raise awareness of the issues of illegal money lending. The money available has come from the proceeds of crime taken from convicted illegal money lenders.
Illegal Money Lenders, more commonly known as Loan Sharks, lend money without having the correct permissions from the Financial Conduct Authority. They often give cash loans out without any paper work and want double the amount back or charge extortionate interest rates. When you struggle to make repayments they may use violence, threats and intimidation, to ensure you keep paying them.
The aim of this funding is to give groups the opportunity to raise awareness of the issue, in their community in a different way. There are some links you might find useful:
Free lesson plans: www.birmingham.gov.uk/stoploansharks
View our films on: http://www.youtube.com/user/StopLoanSharks
Tweet us @loansharknews Facebook - www.facebook.com/stoploansharksproject
Funding that can make a real difference!
We want to actively encourage projects and initiatives that are different from the rest and will leave a legacy in the communities they are delivered in. To make sure you’ve got what it takes, have a look at our 4 main aims below:
- Has this been done before and if so what makes this project different?
- Who will this project reach and how many people will be involved?
- How will it effect and influence the people reached and how will it change their actions and understanding?
- What will it leave behind and how is it sustainable?
If you’ve got what it takes and your project meets all of our aims, then please complete this application form and return it electronically to: Catherine.firstname.lastname@example.org or post hard copy to Cath Wohlers, IMLT, PO Box 12971, B33 0TD. Please note the closing date for applications is 30th June 2019.
Who can apply?
Local residents, charities, community and voluntary groups, schools and statutory agencies can submit an application.
How much can you apply for?
Up to £5000
What you can spend the money on?
Funds can be spent on any worthwhile community project that meets the following criteria:
- Contributes to raising the awareness of the dangers of using loan sharks
- Prevents crime and disorder and publicises the Stop Loan Sharks message
- Promotes the work of the Illegal Money Lending Team (IMLT) in communities
- Encourages reporting of loan sharks
What you can’t spend the money on?
Funds can’t be used to support an existing project that only adds Illegal Money Lending to its normal program. The Stop Loan Sharks message must be at the core of the project.
As such funds cannot be spent on:
- Staff training, presentation slides, posters and other publicity materials which can all be provided free of charge by your local IMLT LIAISE Officer
- Repeating an existing project
- Staff salaries, day to day running costs of your organisation or vehicle costs. We can, however, pay for additional sessional staff costs or for current staff to deliver activities that are out of their normal remit
- Producing freebies, publicity merchandise or distribution costs
- Film production
- Plays – we will only fund plays that have a guaranteed audience of 50 people. If significantly less people attend we will ask for some funding to be returned
- Food – we can fund tea and coffee for projects but not food
- Any costs you incur whilst putting together your application.
For great project ideas see the Illegal money Lending Team (IMLT) newsletter for previous successful bids or speak to your local LIAISE Officer. Remember, your project bid must cover the 4 main objectives outlined on the front page:
Innovative ~ Community Engagement ~ Impact ~ Legacy
Please note that we will require evidence of spend and outcomes. If you have received previous funding from us you are welcome to apply again, but if the evidence of spend and outcomes was not provided previously, you will be excluded from receiving funding again.
Posted on Monday 24th June 2019