From time to time the England Illegal Money Lending Team offers grants to community organisations wanting to raise awareness about the dangers of loan sharks in their communities.
This funding pot comes from money seized from convicted loan sharks under Proceeds of Crime Act (POCA) legislation.
Organisations can apply for amounts up to £5,000.
They welcome funding bids from local residents groups; charities; community and voluntary groups; schools and statutory agencies.
Funds can be spent on any worthwhile community project that meets the following criteria:
- Contributes to raising awareness of the dangers of using loan sharks
- Prevents crime and disorder and publicises the Stop Loan Sharks message
- Promotes the work of the Illegal Money Lending Team (IMLT) in communities
- Encourages reporting of loan sharks
The Fund Has 4 Main Objectives:
- Innovative
- Community Engagement
- Impact
- Legacy