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Announcement about Propel - ‘ground-breaking’ £100m fund fighting inequality in London

May 5th, 2023

Community organisations which tackle inequality and make London a fairer place have been awarded the first slice of a £100 million cash injection from some of the capital’s biggest funders. We are pleased to announce that The Ubele Initiative CIC is one of the community organisations to receive Propel funding.

Almost £25 million has been allocated from the Propel fund to over 80 projects which empower disadvantaged young people, build stronger communities, and provide advice and support for people facing financial hardship.

Grants include nearly £300,000 to Future Men for its mentoring project for young fathers in south London and £1.2 million for the Ubele Initiative for a community wealth building programme aimed at black and minoritised communities in Haringey, Lambeth and Lewisham.

Propel is a ground-breaking collaboration powered by membership body London Funders and supported by funders including Bloomberg, City Bridge Trust, Mayor of London Sadiq Khan and the National Lottery Community Fund and main advice funders, such as Trust for London, co-ordinated by London Legal Support Trust.

It supports organisations led by and for disadvantaged groups, including women and girls, LGBTQ+ communities, Deaf and Disabled people, and communities experiencing racial inequality.

The funding means charities battling the cost-of-living crisis, soaring inflation and the lingering impact of Covid will have the flexibility, capacity and financial security to deliver long-term systemic change.

Paul Martinelli, Deputy Chairman of City Bridge Trust, said: “This funding will have a positive, lasting impact on charities working to improve the lives of disadvantaged groups across the capital. It will give them the financial security and space they need to explore the systemic issues they face, to tackle inequality and to deliver lasting change, to the benefit of the diverse communities they serve.”

Dr Debbie Weekes-Bernard, London's Deputy Mayor for Communities and Social Justice, said: “Our capital faces long-standing, socially embedded inequalities that impact on the lives of many Londoners every day. We are committed to doing all we can to tackle the inequality in our city and I’m delighted that we are able to support these fantastic community organisations to help drive change. It’s another example of how we are working together to build a fairer and more inclusive city for all.”

A list of the other organisations receiving Propel funding is available. Read more here

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