JPMorganChase has supported LCF since November 2020 on a £2 million Pathways to Economic Opportunities Programme (P2E), delivered with Action for Race Equality and The Ubele Initiative.
The programme supports Black and Minoritised ethnic-led ‘by and for’ organisations providing employment, enterprise and financial health (EEFH) support in the Capital. It aims to demonstrate the importance of community and infrastructure organisations in addressing inequalities, creating new opportunities post-COVID and helping to remove barriers to economic opportunity in London. Ultimately, it will provide a platform for sharing expertise, insights and learning.
The overall objective of P2E is to contribute to building equity, inclusion and resilience within the charitable sector and improve economic outcomes for Black and Minoritised communities facing racial and economic inequities.
Phase 1
During Phase 1 six organisations were awarded stabilisation and engagement support of £11,500 over six months to support the delivery of EEFH services/projects, and participate in the co-design delivered from October 2021 to December 2021 for the second programme of longer-term funding and support. The initial phase also included a mapping survey exercise to inform the design and place-based approach, which you can read more about in our blog here.
Phase 2
Phase 2 launched in early 2022. This phase will award grants of between £50,000 to £100,000 over two years to approx. 20 registered charities, voluntary or community groups, to cover project costs and/or core costs, alongside participation and engagement in organisational development support.
Activities in Phase 2 will target boroughs prioritised in Phase 1: Barking & Dagenham, Brent, Croydon, Hounslow, Newham, Tower Hamlets, and Waltham Forest.
Organisational development support is a collaborative and participatory approach, core to the programme design. This phase of the programme aims to provide a package of support that best fits the specific needs and diverse learning styles of funded organisations.
As part of our global commitment to racial equity, JPMorganChase is focused on helping develop local, community-driven solutions to help historically underserved Londoners share in the benefits of an inclusive economy.Viswas Raghavan, CEO of JPMorganChase in EMEA