Building long term and holistic outcomes into statutory systems

By Paul Streets OBE, Chief Executive, Lloyds Bank Foundation

At Lloyds Bank Foundation, we support charities working with people facing multiple disadvantage. For these people, holistic interventions are central to long term success and we regularly see what this looks like through the charities we support. Room to Heal in London, providing holistic support to refugees and survivors of torture, is one such example whose success has been recognised through our Charity Achievement Awards this year.  As their application said: “It didn’t take us long to realise that it is futile offering counselling to someone who has no bed for the night, no lawyer to fight their case, or no money to buy food. Our therapeutic and casework teams work hand in hand to support each individual through the unique, myriad challenges they face.”  Treating people as individuals, rather than statistics means they do not easily fit into a box. Service providers need to be able to adapt to emerging needs and tailor their support for the individual. As a funder, this is something we look for in the charities we support, but in statutory systems this has proved much harder to achieve. Continue reading

The strengths and drawbacks of grant funding – creating a sustainable funding mix

By Paul Streets OBE, Chief Executive, Lloyds Bank Foundation

It was always inevitable that the grants vs. contracts debate would rear its head in any review about statutory funding to the sector – as the Financial Sustainability Review highlighted, grants from government are at an all time low which inevitably prompts questions about what this means for charities on the ground. But it shouldn’t be a debate about one versus the other – sustainable funding needs a mix of funding sources and for us, we really worry things have gone too far one way. Continue reading