Financial
support
We know it can be difficult to talk about money, and even harder to tell someone if you’re struggling financially. But most of us experience money issues at some point.
Everyone deserves a decent standard of living
We believe everyone has the right to a decent standard of living and if you’re facing unexpected or ongoing costs that are preventing that, we want to be there for you. We offer financial support to help you get back on your feet and feeling more in control of your situation. Whether it’s through a one-off grant or quarterly or monthly payments over a longer period, there might be ways in which we can ease some of the pressure. As part of the engineering community, your welfare is our priority.
Eligibility
Perhaps you’ve been out of work for some time or seen a drop in income after separating or losing your partner. Or maybe you’ve come up against unexpected household expenses or daily living costs that are suddenly higher than normal and you’re finding it difficult to cover. Regardless of why you’re having a tough time with money, if you or your partner have ever been a member of the IET, you may be eligible for financial support if you meet our savings and eligibility criteria.
UK residents can also use the InBest Benefits Calculator to instantly see if you may be entitled to any benefits or government support. Click here to use the InBest Benefits Calculator.
At Foothold, we’d like to help you and your family, if we can, if you’re having financial problems – no matter the reason for your challenges. Get in touch with us whenever you're ready.
Ways we can help you right now
Monthly budget sheet
When we struggle to make ends meet we usually feel out of control. That’s why we’ve put together a monthly budget sheet – to help you get to grips with your spending.
Controlling the uncontrollable
Money matters can sometimes feel out of our control. And when things feel out of control we become overwhelmed and stressed. That’s why our friend Pete Scott has put together this guide to help you.
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Your stories
Foothold’s support has been a godsend to us. They literally saved me from bankruptcy. The money they provided wouldn’t have made a difference to me all those years ago – but now it means everything.View story Read David’s story of regaining financial independence after losing his livelihood
“It’s far better to accept you need help and reach out sooner – rather than shying away from support due to feelings of guilt and shame.”View story Read Akin’s story of trying to make ends meet after losing his income
Without Foothold’s help , I never would have managed to get my life back on track. Their support meant my daughter never had to go hungry, even when it looked like we’d hit rock bottom.View story Read John’s story of rebuilding financial security following a breakdown
I knew about Foothold from being a member and although it was hard to reach out and say we’re in trouble, I knew I had to do it. The alternative was a downwards spiral of debt.View story Read Malcolm’s story of seeking financial support during the pandemic
If someone were in my situation, I’d say ask Foothold for help. The support I received helped me pay my mortgage, put food on the table and ultimately meant I didn’t lose my home.View story Read Paul’s story of seeking financial support during illness
Blog
Estate planning 101: how you can secure your family’s future
What is ‘estate planning’? In collaboration with financial advisers at SecondSight, we explain the basics.
Guest blog: The engineers building a more accessible future with REMAP
In this guest blog, REMAP shares the stories of their volunteer engineers who work with disabled people to design custom-made equipment.
Worried about money? We might be able to help
A lot of us are finding it harder to make ends meet lately. Here are some things you could do right now to take control of your money.