Information for Clubs - Third Sector Resilience Fund
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Information for Clubs - Third Sector Resilience FundPosted: 25/03/2020
The Third Sector Resilience Fund (TSRF) is a £20 million 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-£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 on the SCVO website (link click here). 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 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 FAQ’s prior to starting an application.
In order to apply, organisations must complete a short eligibility checker to assess their suitability for the fund. Based on the answers provided, interested applicants will be directed to the correct application form depending on their needs or signposted to other sources of relevant funding/support.