Voluntary organisations can now apply for pandemic funding through a new phase of the Third sector resilience fund for Wales.
The Third sector resilience fund (TSRF) has provided unique support to 235 voluntary organisations in Wales since April 2020. However, we know that charities and other voluntary groups are facing existing and new challenges as they deal with the ongoing effects of COVID-19.
Open for applications today, phase 3 of TSRF offers grant funding to help voluntary organisations with the costs of surviving the COVID-19 pandemic. Grants can also be used to invest in new or additional activity which will generate a return beyond the period of funding.
ABOUT THE FUND
Phase 3 of TSRF is part of the £2.4m of support announced by Welsh Government. Grants of up to £50,000 are available through our Social Investment Cymru team. If the activity requires funding beyond that, there is the opportunity to apply for a loan from Social Investment Cymru if needed.
To enable a fair and just recovery in Wales, the new phase of TSRF is prioritising organisations that support people with protected characteristics, and those that have not previously received TSRF funding.
Applications are open to any eligible voluntary organisation in Wales, and there is support available to help organisations make sure they are eligible for the fund.
SURVIVE AND THRIVE
The fund is split into two strands:
Acknowledging that for some the impact of COVID-19 was late to take effect or become fully apparent, this strand is designed to combat any unprecedented fall in your fundraising and donation income.
The fund is not about replacing the lost income – it is about providing sufficient funds to cover essential expenditure not covered by any residual income or by other supportive interventions. ‘The funding of last resort’.
Funding will also be allocated to organisations that are looking towards their future, for example to diversify their income streams or to invest in the organisation to allow growth and expansion.
The requirements will be largely the same as the ‘survive’ strand but will be supported by a plan and a cashflow forecast for the new activity.
FIND OUT MORE AND APPLY
To find out more about the fund, your eligibility and how to apply please visit our Third sector resilience fund page.