Third Sector Resilience Fund
24th March 2020
The Third Sector Resilience Fund (TSRF) was announced on 18 March 2020 by Communities Minister Aileen Campbell as part of a £350m support package for the sector as a response to the Coronavirus pandemic.
The Third Sector Resilience Fund will support organisations across the third sector who are at risk of closure due to a sharp decrease in income or that are unable to deliver their services during this difficult period. The fund will distribute £20m of emergency funds over the coming months.
The Fund will support registered charities, voluntary organisations and social enterprises that already deliver vital services in communities but that find themselves in financial difficulties directly as a result of the Coronavirus pandemic. The funding's primary intention is to help these organisations to stabilise and manage cashflows over this difficult period.
The Fund will be delivered by Firstport, Social Investment Scotland and the Corra Foundation and will provide grants between £5,000-£100,000. In addition there will be up to a further £5m available in fully flexible, 0% interest loans starting at £50,000.
The three delivery organisations are working as fast as possible to get the fund up and running, so these crucial funds are distributed to organisations most in need. More information about the fund, eligibility, criteria and application process will be available in the coming days.