JPMorgan Chase has supported LCF since November 2020 on a £2 million Pathways to Economic Opportunities Programme (P2E).
The programme supports Black and minoritized 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.
During phase 1, six organisations were awarded stabilisation and engagement support of up to £11,500 over six months to support the delivery of EEFH services/projects.
These grants have also funded a co-design phase, where organisations will work with programme partners to create a second, wider cohort of longer-term funding and support. This phase 2 will be launched in early 2022, focusing on elements of capacity-building, funding guidelines (open round 2) and evaluation for the wider programme.
As part of our global commitment to racial equity, JPMorgan Chase 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 J.P. Morgan in EMEA