Postcode Dream Trust - Dream Fund

Status: Open to applications

Application Deadline: 31st August, 2018


Three or four large grants are available to give British charities the chance to deliver the project they have always dreamed of, but never had the opportunity to bring to life.

Fund Value: £3,000,000
Maximum Value: 1,000,000
Minimum Value: £ 500,000

Value Notes

The funding pot for 2018 is £3 million.

Grants of between £500,000 and £1 million are available to deliver a project over a two-year period (2018-2020).

Extended Description

The Dream Fund is provided by the Postcode Dream Trust to give organisations the chance to deliver the project they have always dreamed of, but never had the opportunity to bring to life.

The theme priorities change each year.

Latest Information

The deadline for Stage 1 applications is 31 August 2018 (5:30pm).

Key Criteria     

All applications must come from charities in Scotland, England or Wales for projects to be run in these regions. Not-for-profit organisations are encouraged to collaborate to deliver a more effective and wide ranging project.

All applications must come from at least two organisations. The following conditions apply:

  • One of these organisations must be a registered charity, who will be considered the lead organisation for the project and will enter into a contractual relationship with the Trust in order to deliver the project. The main grant contact must be with this organisation.
  • The supporting partners can be charities, voluntary groups, community interest companies, universities or other not-for-profit organisations.
  • The lead partner in any application must have an annual income that is at least two times the grant amount applied for (ie, if applying for £500,000 then the lead applicant must have an income of at least £1 million and if applying for £1 million then the lead applicant must have an income of at least £2 million as evidenced by their latest audited accounts).

Organisations who have previously applied for or received funding from Postcode Dream Trust are eligible to apply as long they have collaborated with at least one other organisation, and adhered to all funding requirements.

Eligible Expenditure

There are five new funding priorities for 2019-2021:

  • Changing lives through early intervention.
  • Ending loneliness and social isolation.
  • Protecting Britain’s biodiversity.
  • Sustainable systems change.
  • Transforming society through sport.

Please note that applications for projects that do not meet one of the funding priorities will be considered as long as they meet the general criteria.

Projects must be innovative, creative and original, and be a genuine 'dream'.

General running costs including ongoing staff costs, utility bills, council tax, rent and insurance that are directly linked with the project are eligible for funding. Costs relating to PR and communications and capital costs are eligible for funding.

Match Funding Restrictions

Applications for part-funding are accepted.


The following are not eligible for funding:

  • Local authorities, city councils or government/statutory bodies.
  • Schools.
  • Hospitals.
  • For-profit businesses.
  • Charities who apply without any partners.
  • Grant giving bodies who wish to distribute the funds to other organisations.
  • Charities applying for projects where the beneficiaries reside overseas.
  • Projects that take place overseas.
  • Projects where the funding will not be spent within 24 months.
  • Projects where the amount requested is less than £500,000.
  • Projects where the amount requested is more than £1 million.
  • Projects that are not innovative and do not represent a ‘dream’.
  • Projects that do not demonstrate a long-term impact beyond the duration of funding.

Payment Procedure

Successful applicants will receive 50% of funding upfront, and the remaining 50% after six months.

Application Procedure

There is a three stage application process:

  • Stage 1 - a one-page application form should be completed online at the Fund's website. Applicants will be informed of their progress by email within two weeks of the deadline.
  • Stage 2 - shortlisted applicants will be asked to apply via a formal online application form.
  • Stage 3 - shortlisted applicants from stage 2 will be asked to attend the Trust's offices in Edinburgh to give a formal presentation on their project to the judges.

The winning projects are announced in January.

Applicants should first refer to the guidance notes which can be found on the Postcode Dream Trust website.

Contact the Helpdesk for further information.

Address & Contacts :

Contact details:
Dream Fund Helpdesk
People's Postcode Lottery 
76 George Street 
0131 603 8611