The England Illegal Money Lending Team is offering grants of up to £5,000 are available for groups 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. The aim of this funding is to give groups the opportunity to raise awareness of the issue, in their community in a different way.
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.
This funding is for projects and initiatives that are different from the rest and will leave a legacy in the communities they are delivered in. Your project must meet the four main aims:
- Community Engagement
Closing date: Saturday 30 June 2018Back to blog