Founded in 2017 by actor and activist Michael Sheen, the End High Cost Credit Alliance formally launched on 20 March 2018 at the Responsible Finance conference in Glasgow. The Alliance seeks fair, affordable credit products for those who need them. A key requirement is clarity about the true cost of borrowing. In this video, Michael Sheen tells a pub story to show hidden high APR costs...
The Walcot Foundation was delighted, in partnership with Trust for London and the Learning and Work Institute, to launch at City Hall on 9 March 2018 the evaluation findings of our Step Up programme. This followed a two year programme trialling ways of enabling people in low paid work to progress their careers.
Reports can be found here:
Key Findings | Full Report | Step Up Providers Case Studies
We have extended Step Up for a further year in order to track the long term impact of the project. We plan to publish a follow-up report in 2019. Solutions to in-work poverty are relatively unexplored. The Step Up programme has broken new ground and provides valuable information to any organisation or commissioning body looking to design a project that supports low paid workers. We remain especially interested in tackling in-work poverty, and will be applying what has been discovered from Step Up to assess future in-work applications.
Invisible Rules: Social Mobility, Low Income and the Role of Further and Higher Education A report on research commissioned by the Walcot Foundation as part of our 350th anniversary year has been launched at an event at the House of Lords (Tuesday 30 January 2018)
With funding from the Walcot Foundation, the University of Birmingham undertook qualitative research on 40 former Walcot grantees (young people from low income Lambeth households) to map their journeys through Further and Higher Education and then into the labour market.
Powerpoint from launch event
Click 'read more' for details of the research and its findings
Our work brings us into contact with able students from low income Lambeth households. Our grants assist them during their studies, but they still emerge with heavy debts. The cause is the model of student loans which fails to distinguish between students from well-off households and those from low income households. The Sutton Trust has published research and proposals for the reform of student finance and to increase fairness and widen access. Access the report here.
Living Wage Week 2017 runs from Monday 6 November to Saturday 11 November and is a UK-wide celebration of the campaign for a real Living Wage that meets the cost of living, and of the network of Living Wage employers (of which we are one). Find out more: the Living Wage Foundation
The latest data for London's Poverty Profile (from 2016 and 2017) shows a mixed picture. In some ways, London is better off than it was before the financial crisis. Employment rates are ar peak, at least as far back as 1992, at over 73% of the working-age population. This is 4.5%s higher than a decade earlier. This also translates to a record low in the number of workless households in London. However, while the overall poverty rate has fallen slightly in recent years, it remains higher than the rest of the country; and the proportion living in 'deep poverty' has increased. Follow 'read more'
We were delighted to support Victoria and the social enterprise she established, Iconic Steps. See her video...
Lambeth Council's Equality Commission published its report this year with over 80 recommendations for tackling inequality throughout the borough.
From Love Lambeth: "More than 250 people attended a new event this week which was organised to help community groups and charities get access to funding. Organised by the Walcot Foundation and Lambeth Council, the Lambeth Funders’ Fair was held at the Kia Oval in Kennington on Wednesday 10 May. Twenty-four different funders, including the Arts Council, Big Lottery Fund and Guy’s and St Thomas’ Charity, had stalls at the fair. Daniel Chapman, Grants Manager for the Walcot Foundation, said: “It was fantastic to be able to provide an opportunity for so many Lambeth community groups to meet up with funders face to face. I think the large number of people at the event shows both the breadth of community action in Lambeth and also high level of demand for funding in the borough, especially in a time of growing need.”
About 30% of Britain’s children are now classified as poor, of whom two-thirds are from working families
The upward trend in child poverty in the UK has continued for the third year running, with the percentage of children classed as poor at its highest level since the start of the decade, latest official figures show. More
We have posted revised designs for the exterior elevations of the Foundation's proposed Walcot Mews development. More
This latest annual report from the New Policy Institute brings together the most recent data to present a comprehensive picture of poverty in the UK. Key points -
This year we celebrate the 350th anniversary of Edmund Walcot's gift to the people of Lambeth. More