Principality Building Society’s Future Generations Fund

Blaenau Gwent, Bridgend, Caerphilly, Cardiff, Carmarthenshire, Ceredigion, Conwy, Denbighshire, Flintshire, Gwynedd, Isle of Anglesey, Merthyr Tydfil, Monmouthshire, Neath Port Talbot, Newport, Pembrokeshire, Powys, Rhondda Cynon Taf, Swansea, Torfaen, Vale of Glamorgan, and Wrexham

Applications for this grant are closed

This fund is now closed. Please sign up to our Grants Newsletter to hear about future funding opportunities.

The Principality Building Society’s Future Generations Fund is a Wales wide fund set up in partnership with Principality Building Society with the aim of having a positive impact on society and the lives of young people in Wales.

This fund will support third sector and community organisations across Wales to help/encourage

More young people getting access to healthy food and other essential items including clothes, stationery and technology.
More young people building financial resilience for life’s uncertainties
More young people preparing for the future and world of work (including building skills)
More young people living sustainably and being involved in protecting our natural environment
More young people getting the mental health support they need

The projects we support will fit within one of these themes

Developing training and/or employability skills
Supporting mental health and wellbeing
Learning financial skills (e.g. saving and budgeting)
Environmental and / or social awareness and conservation
Delivering workshops across any of the above themes e.g. cooking healthily on a budget, smart weekly shopping,
Supporting interventions that help pupils/students with school life and giving them the best opportunities for success

We will prioritise organisations and projects that are increasing accessibility to those who are underserved or vulnerable. This includes projects supporting individuals from protected characteristic backgrounds 2010 Equalities Act and individuals from the most deprived communities in Wales.

Grants Available

Grants of up to £20,000 per year for two years will be awarded to third sector organisations whose work focuses on supporting young people under the age of 25.

Who can apply?

We will not consider applications from organisations with an income of over £600,000 in the last financial year. We welcome applications from organisations that have never received funding from this Fund before.

Geographical area funded: Wales and branches of Principality on the Welsh/English border. if you are an organisation based in Chester, Oswestry, Hereford or Shrewsbury, please book a call with a Grants Officer, so we can determine whether your location is eligible for funding.

You must be one of the following:

Constituted Groups
Registered Charities & Charitable Incorporated Organisations
Companies Limited by Guarantee
Community Interest Companies
Social Enterprises

Please note that you are not eligible to apply if you’ve got an active multiple year grant from this fund that was awarded within the last 12 months.

Important Information for Organisations Applying: The Wellbeing of Future Generations Act 2015

The Well-being of Future Generations (Wales) Act is about improving the social, economic, environmental and cultural well-being of Wales. It requires organisations in Wales to think about the long-term impact of their decisions, to work better with people, communities and each other, and toprevent persistent problems such as poverty, health inequalities and climate change.

We’re keen to encourage organisations to think about not just the community in which they live and work, but also how their work aligns with and complements the services and activities of other groups and organisations both voluntary and statutory. We’d like you to think about how your organisation can work together with others to add value, working in partnership rather than in competition. In your application, please explain your plans for the future as well as for the present, we would like to see how groups are thinking about the long-term impact of their decision making to work with and alongside others

How to apply?

Applicants must complete an online application form which can be accessed via our website.

Please note:

Throughout January 2025 there is a commitment to work with Principality Building Society and Community Foundation Wales to produce marketing and communications celebrating the awarded Organisations/Groups.
Grants will not be awarded retrospectively i.e. for costs incurred before receipt of our grant offer letter, and the signed terms and conditions have been returned.
Grants are not available to support fundraising for other groups and charities.
If awarded a multiple year grant, the first year of grant must be spent within one year of receipt of our offer letter.
The application must show a clear need for financial support, financial hardship or additional support needs.

Principality Building Society’s Future Generations Fund Criteria

Please ensure you read the minimum expected standard before apply

These are the minimum standards an organisation must meet to be eligible for funding from Community Foundation Wales.

Click here

A young girl standing next to a donkey and holding its reins.

Farming for mental health and wellbeing

Please read the following text to ensure your eligibility before beginning your application:

Is your organisation a non-profit making organisation such as a Charity, a Charitable Incorporated Organisation, a Community Interest Company (CIC) with a named asset lock in place, a Private Company Limited by Guarantee (Not for private profit), a Social Enterprise or a Voluntary/community group with a dissolution/winding up clause included with the rules or constitution of your organisation? (if your organisation is not registered with the Charity Commission or with Companies House we will require you to attach a copy of your rules/constitution to your application).

Does your organisation have a minimum of 3 unrelated trustees, committee members or directors? (We will be checking this against your entry on the Charity Commission or Companies House as applicable)

Are you able to provide official accounts or an income/expenditure sheet signed and dated by the Chair or Treasurer of your governing body or a Director? The document should not be older than 18 months old. If your organisation is within the first 12-18 months of operation, a projected financial forecast is acceptable.

Does your organisation have a bank account in its own name? (Grant payments are made by BACS transfer, therefore a recent bank statement or paying in slip will be requested to evidence this for any successful grant applications)

Does your organisation have an active Safeguarding Policy in the applicant organisation’s own name? (By active we mean that the policy should be reviewed and amended as necessary at least annually)

Does your organisation have at least one named person with responsibility for safeguarding? It could be a trustee/committee member or a director, or a member of staff.

Does your organisation have adequate insurance cover in place?

Continue

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