Structural barriers in the UK have created profound racial inequalities that have been exacerbated by the COVID-19 pandemic. They have placed incredible strain on people and families’ economic mobility.
To help address this in London, The London Community Foundation (LCF), supported by JPMorgan Chase, is committing £2 million over 3 years to invest in organisations providing Employment, Enterprise and Financial Health (EEFH) support with leaders from Black and Minority backgrounds.
Pathways to Economic Opportunities (P2E) programme will provide funding and support to help strengthen those organisations who are best placed to support their communities and help remove barriers to economic opportunity.
The programme will raise the voice and experience of Black and Minoritised ethnic community led organisations in the employability, enterprise and financial health sector and the organisations that support those communities by bringing partners together to co-design and co-deliver activities. It will help demonstrate their pivotal role in London in addressing inequalities and creating new opportunities post COVID.
The Ubele Initiative is excited to partner with The London Community Foundation (LCF), Action for Race Equality, with support from JPMorgan Chase.
Phase 1 will support 6 organisations that deliver services led ‘by and for’ Black and minoritised communities in London and whose focus is to support entrepreneurship, small businesses and/or support economically underserved people to develop skills, access jobs, or improve their financial health and resilience.
Phase 2 is grantees working with programme partners to co-design a wider cohort of longer-term funding and support, which will be launched in early 2022.
Phase 3 will focus on engagement with the wider EEFH sector, local government and policy through the evaluation, external communications and events.
READ: PATHWAYS TO ECONOMIC OPPORTUNITIES (P2E): PLACE-BASED APPROACH
Part of the purpose of place-based approaches is to build the capacity of the community to take charge of its own future, to speak for itself, and to build social capital and connections within the community. Learn more about P2E and Place-based approach
