Third Sector Resilience Fund
The Third Sector Resilience Fund (TSRF) is a £20m emergency fund now open for charities, community groups, social enterprises and voluntary organisations working in Scotland. The fund will support organisations that already deliver services and products but find themselves in financial difficulties directly as a result of the coronavirus pandemic. The fund primarily aims to help third sector organisations to stabilise and manage cash flows over this difficult period.
The Scottish Government has announced a second phase to the fund and pledged additional funding in response to overwhelming demand. Under Phase 2, the guidance and criteria have been adapted to maximise the number of third sector organisations that benefit from it.
The Fund provides grants up to £75,000. In addition there will be up to a further £5m available in fully flexible, 0% interest loans starting at £50,000. The fund will be complemented by specialist business advice from Just Enterprise to help grant recipients maximise the impact of the financial support.
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.
- and needing funding to stabilise cashflows directly as a result of the impact of COVID-19, as opposed to pre-existing financial difficulties.
In order to apply, organisations must complete a short eligibility checker to assess their suitability for the fund. Based on the answers provided, interested applicants will be directed to the correct application form depending on their needs or signposted to other sources of relevant funding/support.
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