The Third Sector Resilience Fund is now open. This is an 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 be delivered by Firstport, Social Investment Scotland and the Corra Foundation and will provide grants between £5,000 to £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 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;
- and needing funding to stabilise cash flows directly as a result of the impact of Covid-19, as opposed to pre-existing financial difficulties
Interested applicants are encouraged to read the fund’s guidance notes and FAQs prior to starting an application. For more information go to https://scvo.org/support/coronavirus/funding/for-organisations/third-sector-resilience-fund