Following a review of their strategic policy in August 2024 and the decision to temporarily suspend new applications, Steel Charitable Trust has announced a new funding strategy which is expected to be in effect for the next five years. F

rom 2025, the Trust will support charities working with or on behalf of children and young people under 26, with an emphasis on creating educational and/or access opportunities for those in circumstances, groups, or locations that face economic challenges, social marginalisation or poor outcomes in later life.

Through the UK Under 26 Fund, project-restricted grants starting from £10,000 are available for not-for-profit organisations with an annual income of at least £50,000 in the previous financial year.

Applications for the UK Under 26 are taken and reviewed on a rolling basis. The trustees meet quarterly to consider applications.