Racial Justice Fund

Wealth and income disparities are at the heart of racial injustice, and ambivalence about the disproportionate number of Black and minoritised communities experiencing poverty is unacceptable. The clear link between race and poverty in the UK is backed by evidence, with Black, Asian and minority ethnic households twice as likely to be living in poverty as their white counterparts.

The Racial Justice Fund will directly resource Black and minority-led organisations working at the intersection of racial and economic justice. The fund will bring fresh voices, build alliances and pilot new ideas that will help increase wealth and income in Black and minoritised communities.

We want to see:

1. Black and minoritised communities with access to the power and resources needed to create economic wealth
2. Stronger alliances and movements of black and minoritised communities working effectively to influence and shift decision/policy makers
3. Increased income and economic wealth among Black and minoritised communities
4. Black and minoritised communities and organisations empowered to tackle economic injustice
5. Reduced levels of poverty within these communities
6. Reduced racial and economic inequalities caused by racialisation

The Racial Justice Fund will support innovation in Black and minoritised organisations whose work has the potential to increase incomes and wealth in local communities in London. We will be giving:

• Grants for up to five years
• £4 million over two years
• The opportunity to apply for development grants
• Flexible funding for core and/or project funding

There are two stages to the application process for this fund.

In this recording of our information event, Programme Lead Ugo Ikokwu discusses the aims of the Racial Justice Fund, outlines the eligibility requirements and offers guidance for potential applicants.