Six community groups in the area are hoping to secure enough votes to win a £3,000 grant.
Lloyds Bank will donate cash to more than 1,300 groups across the country through its community fund.
Four groups have been short listed from each geographical area and are now appealing for public votes. The two groups with the most votes in each area will win £3,000 each and the two runners up will each get £300.
The Welland Division of GirlGuiding UK is in the running for the East Northamptonshire prize. The division, which oversees rainbow, brownie and guide groups in and around Stamford, hopes to buy equipment to develop training opportunities for leaders and to recruit new volunteers.
The Travers Foundation, in Gretton, has also been short listed. It helps 18 to 30-year-olds improve their sport and performing arts skills.
The 2nd Raunds Scout Group, in Wellingborough, and the 858 Rushden Air Training Corps are the other groups competing in the East Northamptonshire area.
The West End Wildcats are hoping to win the South Kesteven grant to develop its theatre workshops for children in and around Stamford.
It is up against Linchfield Primary School in Deeping St James which would like to revamp its outdoor learning area, Inspireplus which promotes sport in schools in Grantham and the Grantham Journal Christmas Cracker Appeal which aims to send 10 terminally-ill children to Lapland.
Oakham All Saints’ Scout Group and Knight School Rutland are competing against Melton Mowbray Cricket Club and Belvoir Castle Cricket Trust for the East Leicestershire grant.
The scouts need to raise money to buy a new heating system for their hall and Knight School Rutland wants to expand its work to teach youngsters about morals and respect.
Voting closes on Friday. To vote for a local group visit www.lloydsbank.com/community fund