Lloyds Bank Foundation aims to support “more community organisations than ever before” as part of a new nine-year strategy.
Published today, the strategy outlines the major funder’s plan to “grow the giving of time and money across England and Wales” every year by utilising its connection to the Lloyds Banking Group.
Its two other main goals are to “have impact in every parliamentary constituency in England and Wales” by 2030 and to “power community-led change in 100 neighbourhoods in England and Wales” by the end of the strategy in 2035.
A spokesperson for the foundation, which awarded £20.3m in funding in total in 2024 with 662 charities receiving grants, said it aimed to “have more to invest in communities year-on-year throughout the strategy”.
However, they said this year’s investment would remain similar to previous years.
The strategy says that the funder will “stay flexible, but never vague” as each of its programmes will comes with a “clear focus, eligibility, and criteria”.
It says it will continue to provide “relational support, long-term commitment and a human approach”.
Lloyds Bank Foundation also pledged to gain more insights from its community partners and use these to influence local and national policy.
“We expect that, by designing for impact in this way, we will continue to fund small, local charities – but not only those,” the strategy reads.
“We’ll fund a mix of organisations. Different organisation types: charities social enterprises, CICs and more. Different organisation sizes.
“Focusing on different groups of individuals and causes. Working in different ways. And we’ll better measure what works across that varied and vibrant portfolio.”
Working with bank
The organisation plans to double the number of Lloyds Banking Group employees who claim at least half of their £1,000 matched giving allowance, which it said would raise more than £1m or contribute 125,000 hours of volunteering.
In 2025, £1.9m was distributed through the organisation’s matched giving scheme, supporting 1,419 charities.
The spokesperson said the Lloyds Bank Foundation had made some internal staffing changes to deliver its new strategy.
“Our new structure makes some key changes so that we have the expertise in data, digital, partnerships, marketing, volunteer engagement and income generation to pull off our ambitions,” they said.