The Stephen Lawrence Day Foundation (SLDF) and the Institute of Directors (IoD) have joined forces to launch a groundbreaking scholarship programme aimed at accelerating the careers of exceptional Black business leaders across the UK.
Launching in October 2025, the initiative will provide three outstanding leaders — one from a start-up, one from an SME, and one from the public or third sector — with a fully funded place on the IoD’s prestigious Certificate in Company Direction programme, worth nearly £15,000.
Each recipient will also receive a two-year IoD membership, offering access to professional development resources, mentorship opportunities and one of the UK’s most influential leadership networks.
The collaboration marks a significant milestone in the shared mission of both organisations: to dismantle systemic barriers to success and create a pipeline of Black talent for senior decision-making roles in business, government and the not-for-profit sector.
The scholarship aligns with the SLDF’s “3 C’s” vision — Careers, Classrooms and Communities — reflecting a holistic approach to empowerment and representation:
Careers: Equipping high-potential Black leaders with governance, strategy and financial expertise to confidently step into boardroom roles.
Classrooms: Reinforcing the Foundation’s belief in lifelong learning and the power of professional education.
Communities: Developing visible role models and changemakers who will champion equity, mentorship and inclusion across sectors.
Jessica Neil, CEO of the Stephen Lawrence Day Foundation, said the initiative represents both a symbolic and practical step forward “Stephen’s legacy calls us to imagine a society where talent and ambition are not limited by systemic inequality. This scholarship is not just an opportunity for three individuals – it’s an investment in the future leadership of the UK, where Black voices are heard, valued and empowered to make lasting change.”
Baroness Doreen Lawrence of Clarendon added: “Stephen believed in a world where everyone, regardless of background, had the opportunity to achieve their full potential. This partnership is a step toward that vision — breaking down barriers, elevating Black excellence, and creating space for new voices at the highest levels of leadership. It’s about justice, legacy and lasting change.”
Jonathan Geldart, Director General of the IoD, said the organisation was proud to collaborate on a programme that champions diversity and strengthens the UK’s leadership pipeline:
“Great leadership thrives on diversity of thought, perspective and experience. By partnering with the Stephen Lawrence Day Foundation, we are ensuring that the next generation of Black leaders has the tools, knowledge and networks to shape a more inclusive business landscape.”
Each selected leader will receive:
Full funding for the IoD Certificate in Company Direction (to be completed within two years) – worth £14,850.
Two years of IoD membership, including access to exclusive resources, events and networking opportunities – worth £988.
The scholarship is open to applicants who self-identify as Black or from racially minoritised or marginalised backgrounds, with priority given to those of Black or mixed Black heritage.
Applicants must:
Hold, or have held in the past 12 months, a senior leadership or director role for at least two years.
Demonstrate influence over strategic decisions within their organisation.
Show a proven record of driving business growth, social value or community impact.
Present a clear vision for how the opportunity will benefit their leadership journey and the wider community.
How to apply
Applications open 31 October 2025 and close 28 November 2025, with winners to be announced in January 2026.
Interested candidates can apply or learn more at: http://iod.com/l/iod-and-sldf-scholarship-hy6sbnjkls866sfx
This landmark collaboration between the Stephen Lawrence Day Foundation and the Institute of Directors represents a bold commitment to equity, excellence and empowerment, nurturing the leaders who will shape the future of British business and public life.
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Stephen Lawrence Day Foundation and Institute of Directors launch landmark scholarship to boost Black leadership in UK boardrooms