Part of a £350 million support package in response to the coronavirus outbreak, the fund will support organisations across the charity sector who are at risk of closure due to a sharp decrease in income or are unable to deliver their services due to the pandemic.

The fund’s primary intention is to help these organisations to stabilise and manage cashflows over this difficult period. The TSRF is delivered by Firstport, Social Investment Scotland and Corra Foundation and it offers charities, voluntary organisations and social enterprises grants of £5,000-£100,000. In addition, there will be up to a further £5 million available in fully flexible, 0% interest loans starting at £50,000.

Connie Williamson, head of grants at Corra Foundation, said: “We know that many organisations are experiencing serious disruption and financial difficulties directly as a result of the coronavirus pandemic. This fund is designed to help organisations get through the next few months and we aim to process applications within 10 days of being received.

“There are detailed guidelines on the SCVO website for applying, which organisations should read carefully before making an application to minimise any delay.”

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
• needing funding to stabilise cashflows directly as a result of the impact of COVID-19, as opposed to pre-existing financial difficulties.

For more information and to apply, visit the SCVO’s Coronavirus Third Sector Information Hub.

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