Principality Building Society, Wales’ largest mutual and the UK’s sixth largest, has opened applications for two of its established community funds: the Future Generations Fund and the Retrofit for the Future Fund, which support charities and community groups across Wales.
Delivered in partnership with Community Foundation Wales, both funds provide grants to help charities, community groups and social enterprises deliver meaningful, long-term impact in their local areas.
The Future Generations Fund (FGF) supports organisations and projects focused on improving outcomes for children and young people. This year’s fund totals £185,000.
The fund builds on the success of previous years, with more than £2 million distributed to charities and community groups across Wales since 2022.
Previous recipients of the Future Generations Fund include Cariad Communities CIC, which was supported to tackle social isolation, help families and build healthier communities in Neath Port Talbot; Stepping Stones North Wales, which provides one-to-one counselling for survivors of childhood trauma across North Wales; and Rhondda Netball, which helps girls become coaches and role models through qualifications and training.
The Retrofit for the Future Fund supports organisations seeking to improve the energy efficiency of community buildings through retrofit measures or the purchase of environmentally friendly and energy-efficient equipment.
This year’s fund makes £85,000 available in grants for eligible projects.
The fund is intended to help organisations take practical steps to reduce running costs, lower carbon emissions and make community spaces more sustainable for the future.
The deadline for applications for both funds is Monday 5 October 2026.
Iain Mansfield, Chief Executive Officer at Principality Building Society said: “I’m delighted to continuing our commitment of funding for communities across Wales. It’s a clear example of our profit powering our purpose in action. Our purpose has remained the same for 166 years: to create a society of savers where everyone has a place to call home. By running a strong, sustainable business, driven by the needs of our Members, we’re able to keep investing in the places we call home and support communities across Wales to thrive. That is the mutual difference, and it is what sets Principality apart.”
Katy Hales, Director of Philanthropy at Community Foundation Wales, said: “The Future Generations Fund shows what can be achieved through partnership. Thanks to Principality’s continued support, funding is helping local organisations build confidence, develop skills, improve wellbeing and create better futures for people across Wales.
We’re delighted to continue our partnership with Principality in 2026 and look forward to supporting more community-led projects that will have a positive and lasting impact for generations to come.”
