A funding pot which is to be distributed by the National Lottery Community Fund has opened in order to assist with organisations to cover costs as a result of the cost of living crisis and high inflationary pressures. The cash is available for small to medium sized charities which have a turnover of roughly between £10k and £1m. The grants which are awarded can be for anything between £10k and £75k.
It is not only the size of the organisation, which is key, the organisations in question must offer what is considered a ‘critical service, and there must have been a tangible impact on their activities from the increased costs over the past year. The funding can then be utilised in a number of ways including covering core costs of delivering their activities like paying for rent, utilities, salaries and volunteer costs.
The £70m that is becoming available is part of a wider £102m that was pledged by the government to support organisations at one of the most difficult periods that society as a whole has experienced in recent memory. The remainder of the pledged funds is going towards administering the funds as well as a further pot of funding available to fund energy efficiency and sustainability programmes.
Applications are open until 16th October 2023 and can cover costs for the period 24th July 202 and 31 March 2024.
