The Scottish Council for Voluntary Organisations (SCVO) has today (Wednesday 25 March) announced The Third Sector Resilience Fund (TSRF) worth £20 million to provide emergency support for charities, community groups, social enterprises and voluntary organisiations working in Scotland.
This fund supports organisations which already deliver services and products but find themselves in financial difficulty as a result of the current COVID-19 pandemic.
The purpose of this fund it to support third sector organisations, and to help provide finance to help stabilise and manage cash flow during these challenging times.
The fund is to be delivered by Firstport, Social Investment Scotland and the Corra foundation who will deliver grants between £5,000 and £100,000. In addition, there will be a further £5 million available as fully flexible, 0% interest loans. Loans from this additional fund will start from £50,000. Specialist business advice, provided by Just Enterprise, will complement the fund to help grant recipients maximise the impact of the financial support they receive.
For your organisation to be eligible you 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 cashflows directly as a result of the impact of COVID-19, as opposed to pre-existing financial difficulties.
If you’re interested in applying to the TSRF fund, please take a look at the supporting FAQ’s and guidance notes.
To see if your organisation is eligible for support, take time to complete the eligibility checker to assess suitability for the fund. Based on answers provided, you’ll be directed to the relevant application form or signposted to other sources with more relevant funding or support.