This is why Foothold has shortened its emergency grant application process to provide financial support to engineers and their families immediately.
The grant is designed to help with immediate expenses, easing worry for families and individuals in crisis. All IET members and their families who have under £16,000 in savings can apply for the grant. The funds will be paid within 48 hours.
Money worries are at the forefront of many people’s minds. Especially workers on zero-hour contracts and the increasing number of self-employed individuals.
Some governments across the world have put financial support in place. However, some of those who need support are falling through the cracks because they don’t qualify. For example, funds to help self-employed workers in the UK will not be available until June 2020 and, for those people who are one pay cheque away from losing their home, they cannot afford to wait that long.
Alongside the emergency grants, Foothold is continuing to support members of the IET and their families with funding, even if their employment situation has not changed due to coronavirus. This includes financial support for everyday needs like household bills or bigger, one-off expenses such as a new fridge.
One in four of us encounter a mental health issue in any given year. These statistics are true when it’s ‘business as usual’. With many people worried about their finances and the health and safety of their families, the numbers will undoubtedly be higher now and in the coming months.
Foothold’s partner charity Anxiety UK is providing a wealth of advice and information on ways to protect mental health in a crisis. Funding is also available for counselling sessions which are currently taking place over the phone or via video call. This support is available to any IET member or their family, provided their savings do not exceed £50,0000.
If you or someone you know is an IET member and needs emotional, practical or financial support, please get in touch with Foothold now.