Big Society Capital
Charities and, social enterprises in disadvantaged areas facing financial hardship and disruption to their trading due to the coronavirus will be able to apply for emergency funding from a £100 million programme of loans and investment. The emergency package is made up of a £25 million Resilience and Recovery Loan Fund to provide emergency loans with no fees or interest for the first twelve months; £29 million for smaller, emergency loans to small businesses in more deprived areas; and up to a further £50 million over the coming months for existing and future investments as needed. Applications for the Resilience and Recovery Loan Fund are expected to open in mid-April, with the first loans completed by the start of May. Further details on the programme will be available shortly.
Julia and Hans Rausing Trust (UK)
Name of Fund: Charity Survival Fund
Small and medium size charities across the UK facing increasing demands, immediate financial pressure and uncertainty because of the coronavirus outbreak can apply for grants of between £1,000 and £250,000. The aim of the Julia and Hans Rausing Trust’s Charity Survival Fund is to help charities with an annual income of less than £5 million overcome this impact and offset lost income. A total of £10 million is being made available to support the costs of existing programmes and their day-to-day work. Priority will be given to charities that deliver frontline services and activities working within the Trust’s three priority areas: health and wellbeing; welfare and education; and arts and culture. The deadline for applications is 5pm on the 27th July 2020.
UK Community Foundations (UK)
Name of Fund: Infrastructure Fund
In response to the coronavirus, the UK Community Foundations is making a £250,000 Infrastructure Fund available for BAME-led infrastructure organisations that can help other BAME-led organisations apply for National Emergency Trust (NET) grants though their local Community Foundations. Grants of between £50,000 and £20,000 are available to fund work such as the mentoring/supporting of groups; awareness-raising via marketing and communications; support with monitoring and reporting; the provision of micro grants to enable applications for NET funding through community foundations; and to help build relationships to help community foundations identify and address barriers to funding BAME-led organisations and communities. Applications can be made on a rolling basis and will be considered by an independent panel every week with awards made as quickly as possible thereafter.
Name of Fund: Dormant Assets Scheme
The UK Government has announced £150 million of funding is to be released from dormant bank and building society accounts to help charities, social enterprises and vulnerable individuals impacted by the coronavirus pandemic.
The release of £71 million from the government’s dormant assets scheme will be accelerated alongside £79 million already recouped that will be made available to help charities’ coronavirus response and recovery.
Social Investment Business (UK)
Name of Fund: Resilience and Recovery Loan Fund
The Resilience & Recovery Loan Fund (RRLF) is a new £25 million fund for social enterprises and charities who are experiencing disruption to their normal business model as a result of COVID-19. It has been established to make an existing government scheme (the Coronavirus Business Interruption Loan Scheme more easily accessible to charities and social enterprises. This fund is only for social sector organisations: charities and social enterprises.
The UK Insurance and Long-Term Savings Industry
Name of Fund: Covid-19 Support Fund
The UK insurance and long-term savings industry has launched the Covid-19 Support Fund to help support some of the people hardest hit by the Covid-19 crisis. The Covid-19 Support Fund aims to raise £100 million, with £82.6 million already having been pledged in voluntary contributions from firms within the sector. The Fund will work in partnership with the Charities Aid Foundation, and a network of partners, including the National Emergencies Trust. The key aim is to provide immediate relief to charities affected by Covid-19, as well as a longer-term programme of support for people, communities, and issues where there is the greatest need.
The Yapp Charitable Trust
The Yapp Charitable Trust has invited small UK charities affected by the impact of COVID-19 to apply for grants of up to £3,000. Registered charities in England and Wales, with a total annual expenditure of less than £40,000, can apply for funding for core costs and staffing.