When Paul Thompson died of a sudden cardiac event, his wife and friend created a named fund in his memory that is used to fund life-saving defibrillators.
The Step Change Fund focuses on capacity building and strengthening of Oxfordshire’s charitable sector.
The Step Change Fund aims to help high-quality social organisations make a step change to their business model that will create a more solid platform from which they can deliver services. The fund holders are particularly interested in projects that enable a ‘step change’ in financial terms.
This fund does not offer core funding simply for the continuance of existing services. Grants will be given for projects that can demonstrate realistic plans for increasing reach and impact and for building longer-term resilience for the future.
The fund has over £1 million to distribute over the next four years. Grants in the first instance will be between £10,000 and £50,000, with the possibility of further funding up to £25,000 for follow-on projects. Total grants will be capped at £75,000 and will not normally be greater than 30% of the applicant’s annual income, should this be less.
Step Change has grown out of the Future-Building Fund, which launched as a pilot programme in May 2014 and was successfully completed in April 2016. The lessons learnt from the pilot have shaped Step Change’s focus and methodology.