In recent days a number of organisations have come forwards to offer charities financial support to help them continue to achieve their charitable aims in the midst of the COVID-19 pandemic.
Perhaps the two most well publicised of these in the past week have been Money Saving Expert Martin Lewis’ £1m fund, and Redrow Homes founder Steve Morgan’s £1.5m fund. However, organisations such as the Arts Council England and the Indigo Trust also have pots of funding of £160m and £2.5m respectively, that are available to charities in these challenging times. As with all charity funding, there are conditions to be met, some funding is dependent on whether the applicant is involved in the relief of poverty or distress caused by COVID-19 or not, but there are some pots of funding that are aimed at supporting the cash flow of struggling charities.
One funder, The National Lottery Community Fund, have been vocal in their desire to support charities with staff working from home to ensure the needs of their grant holders are met. They have also moved some of the application deadlines for funds that were due to close soon, and have made a commitment to be flexible with grant holders, should they get into distress.
Please contact your usual Bishop Fleming contact should you have any concerns around the financial position of your charity.