Third Sector resilience fund for COVID-19 now open
A £20m emergency fund for charities, community groups, social enterprises and voluntary organisations working in Scotland.
The Third Sector Resilience Fund (TSRF) is a £20m emergency fund for charities, community groups, social enterprises and voluntary organisations working in Scotland. The fund will support organisations that already deliver services and products but find themselves in financial difficulties directly as a result of the coronavirus pandemic. The primary intention of the fund is to help third sector organisations to stabilise and manage cash flows over this difficult period.
The Fund will provide grants between £5,000-£100,000. In addition there will be up to a further £5m available in fully flexible, 0% interest loans starting at £50,000. The fund will be complemented by specialist business advice from Just Enterprise to help grant recipients maximise the impact of the financial support.
To find out if your organisation could be successful in gaining support from this fund please use the eligibility checker (this link will take you away from our website). This will filter you through to the correct route for your organisation to apply.
To be eligible, interested organisations must be:
- A charity, social enterprise or voluntary organisation based in Scotland and/or primarily delivering services/activities in Scottish communities
- Already delivering those products or services prior to March 2020
- Needing funding to stabilise cashflows directly as a result of the impact of COVID-19, as opposed to pre-existing financial difficulties
For more information please visit SCVO (this link will take you away from our website).
Source: Alliance Scotland