The England Illegal Money Lending Team 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.
Who can apply?
Local residents, charities, community and voluntary groups, schools and statutory agencies.
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:
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 program. The Stop Loan Sharks message must be at the core of the project! As such funds cannot be spent on:
For more information and to apply, please check out the link below: