The Covid-19 Support Fund
The UK insurance and long-term savings industry has launched the Covid-19 Support Fund to help support some of the people hardest hit by the Covid-19 crisis.
The Fund aims to raise £100 million from voluntary contributions from firms within the sector. The Fund currently uses umbrella charity organisations to distribute funding in order to get the help to people quickly at a time or urgent need and will work in partnership with the Charities Aid Foundation, and a network of partners, including the National Emergencies Trust.
The key aim is to provide immediate relief to charities affected by Covid-19, as well as a longer-term programme of support for people, communities, and issues where there is the greatest need, including:
- community based charities that are under unprecedented strain;
- charities supporting the most vulnerable – in particular, families and children living in poverty and older people in isolation; and
- initiatives to promote wellbeing and mental health across society.
Of the donations pledged so far, £20 million is going to The National Emergencies Trust to help them continue their vital work supporting community-based charities on the frontline tackling the Coronavirus crisis.
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