Funding and investment guidance | Good Finance

Funding and investment guidance

Coronavirus post | 19 March 2020

Funder updates, articles, programmes and schemes supporting charities and social enterprises with financial resilience. 

During this period of uncertainty, we'll continue to share any updates, articles, programmes or schemes designed to support charities and social enterprises with financial resilience.

UK Wide Funding

Government, Trusts & Foundations

  • Government announces £750m package of support for charities sector 
  • Coronavirus Business Interruption Loan Scheme: A new temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will launch next week to support businesses to access bank lending and overdrafts. The Scheme will support loans of up to £5 million in value and businesses can access the first 6 months of that finance interest free, as government will cover the first 6 months of interest payments
  • Innovate UK: Innovate UK, as part of UK Research and Innovation, will invest up to £20 million in innovation projects. The aim of this competition is to support UK businesses to focus on emerging or increasing needs of society and industries during and following the Covid-19 pandemic
  • Barclays: Barclays launches £100 million COVID-19 Community Aid Package
  • Sport England: Up to £195 million of funding will be made available to help the sport and physical activity sector through the ongoing coronavirus crisis.
  • Charities Aid Foundation - Coronavirus Emergency Fund: This Fund is to help smaller charitable organisations in the UK affected by the impact of Covid-19. Grants of up to £10,000 are available. 
  • Arts Council England Emergency Measures & Funding: Arts Council England are making £160 million of emergency funding available for those organisations and individuals who will need it during this crisis, and have also changed the funding requirements for individuals and organisations currently in receipt of funding. 
  • National Emergencies Trust: will collaborate with charities and other bodies to raise and distribute money and support victims at the time of a domestic disaster. 
  • Neighbourly Community Fund: launched a series of micro-grants of around £350, to support good causes that are helping communities affected by the new Coronavirus outbreak. 
  • Indigo Trust: making £2.5m available through emergency grants to help charities respond to the coronavirus emergency
  • The Prince’s Trust and NatWest Enterprise Relief Fund: The £5million Enterprise Relief Fund will offer grants to 18 to 30-year olds across the UK who are self-employed and/or running their own business. In conjunction with cash grants, the initiative will offer one-to-one support and guidance to anyone who needs it and who may be worried about their future 

  • The National Lottery Heritage Fund has put together a £50million fund to support the heritage sector as an immediate response to the coronavirus (COVID-19) outbreak

  • William Morris Big Local: launching a new version of our Community Chest fund, in response to the coronavirus pandemic. You can apply for up to £1,000 per project, and applications will be assessed as they come in.

  • Crisis: In this together homelessness emergency fund 

  • Maanch: currently fundraising for a Coronavirus Response Fund 

Other Organisations

  • Facebook Small Business Grants Programme: Facebook are offering $100M in cash grants and ad credits to help during this challenging time

  • Bumble Small Business Support: Bumble is offering small business owners "in a tough position due to COVID-19" up to $5,000 cash. Requests accepted until 5 April and awardees announced within 30 days from then.

  • Money Saving Expert pledges grants: Martin Lewis from MoneySaving Expert has offered £1m in grants of £5,000 to £20,000 for small registered charities, or local arms of bigger charities, across the UK

  • John Lewis & Waitrose launch £1m Fund: John Lewis Partnership launches £1m support fund for local communities amid coronavirus crisis

  • COVID-19 Film and TV Emergency Relief Fund: The BFI and The Film and TV Charity have partnered to create the new fund, established with a £1m donation from Netflix, to help support the creative community

  • The Leathersellers Company: This is a fast track application process for small one-off grants. It could be particularly useful for funding small projects or to cover unexpected costs. The value of the grant awarded could be up to a maximum of £3,000

  • Greggs Foundation: have launched an emergency appeal 

  • New technology challenge to support people who are isolating: £500,000 of funding is available for technology companies who come up with digital support solutions for people who need to stay at home because of coronavirus. 

  • TechForce 19: NHSX is calling on all innovators who can support the elderly, vulnerable and self-isolating during COVID-19 to apply for government funding of up to £25,000 to test their solution.

Funding Platforms

  • Crowdfunder Pay it Forward: Crowdfunder is offering 100% free crowd-funding throughout the crisis (i.e. you won’t pay any fees).

  • Spacehive: Spacehive is a funding platform for ideas that bring local places to life. They are waiving their 5% fee and relaxing their criteria to support grassroots projects getin flexible funding fast.

Regional Funding

North 

  • Coronavirus Response and Recovery Fund - Tyne & Wear and Northumberland: Community Foundation has lauched the Coronavirus Response and Recovery Fund which will award grants to local charities and community organisations across Tyne & Wear and Northumberland in two stages: response, then recovery. 

  • The Community Foundation for Calderdale: offering grants of £1000 to local charities to help the most vulnerable. 

  • Two Ridings Community Foundation - North Yorkshire, York, East Riding of Yorkshire or Hull: Grants available upto £2000. The focus of the fund is to offer community organisations emergency funding to deal with emerging issues in the community as a result of the continuing threat of coronavirus. 

  • Countuy Durham Community Foundation: The COVID-19 Fund has been set up to support community groups and organisations through this period of uncertainty.

  • Cumbria Community Foundation: Grants for groups providing charitable activities in response to the impact of the COVID-19 Coronavirus pandemic in Cumbria.

  • Forever Manchester: launched a Community Support Fund for grassroot community groups that are responding to the impact of Covid-19 by helping those most affected. Awards of up to £1,000 are available.

  • Lincolnshire: Covid-19 Crisis Fund. 

East

  • Bedfordshire and Luton Community Foundation: an emergency £180K fund from corporate donors to support local charities, social enterprises and community organisations.

  • Milton Keynes Community Foundation: emerhency appeal launched

  • Norfolk Community Foundation: Grants of up to £1,000 are available to support community action to help vulnerable people affected by the Covid-19 outbreak

  • Cambridgeshire Community Foundation: open to constituted community organisations throughout Cambridgeshire (including Peterborough), who are supporting isolated older and vulnerable people at this time. Grants between £1,000 and £5,000 will be considered (larger grants may be available for groups working in partnership). We aim for the process to take between 5 and 10 days.

Midlands

London

  • London Funders: First grants announced as the London Community Response total reaches over £10m
  • Community Southwark: Small community organisations and local charities can apply for grant funding of between £5-20K for specific coronavirus poverty relief projects
  • London Community: Grants up to £5,000 for these immediate and urgent needs. 

South

  • Kent Community Foundation: Grants are up to £10,000 with priority to constituted community groups e.g. charities/CICs, with an average annual income of less than £200,000, who are supporting isolated older people at this time. 

  • Community Foundation for Surrey: Grants of up to £5,000 will be awarded with priority given to voluntary organisations providing support to the most vulnerable and isolated. 

  • Sussex Community Foundation: Sussex Community Foundation has launched a new £100,000 fund, the Sussex Crisis Fund, to help local charities and community groups, supporting people suffering as a result of the coronavirus outbreak. 

  • Greenham Trust - Hampshire: Put in place £250,000 of emergency funding which is available for local charities and voluntary organisations who are supporting the elderly and vulnerable people through the COVID-19 crisis in West Berkshire and north Hampshire

  • Brighton and Hove: funds have been made available to Brighton and Hove City Council and grants of up to £5,000 can be given to organisations across the city. 

  • Oxfordshire Community Foundation: Coronavirus Resilience Fund for Oxfordshire has been launched, details of how the fund will be managed. Information will be released on our website as soon as these are completed. You will be informed by email when the fund is open for applications. If you do not normally receive our communications, please opt in to receive these emails here

  • Worthing Community Chest: Grants of up to £250 available for neighbourhoood projects. 

South West

  • Wiltshire Community Foundation: Wiltshire and Swindon Coronavirus Response Fund is working alongside the National Emergencies Trust’s Coronavirus Appeal to raise money for financial support to groups helping the most vulnerable people in communities all over the county

  • Dorset Community Foundation: Grants we awarded between £1,000 – £5,000 to support voluntary and grassroots organisations that are well-placed to identify and address local needs

  • Devon Community Foundation: local charities and community organisations across Devon will be supported in two stages - response, then recovery

  • Quartet Community Foundation: This programme is for small voluntary and community groups with charitable aims. Applicants must be based and working in Bristol, Bath & North-East Somerset, North Somerset or South Gloucestershire.

Wales

Development Bank for Wales

The Welsh Government and the Development Bank of Wales have announced the £100m Covid-19 Wales Business Loan Scheme to support businesses affected by the Covid-19 outbreak. Access loans between £5,000 to £250,000, find out more here.

Community Foundation Wales

Monies raised through the appeal will fund charities, community groups and not for profit organisations working in Wales, who provide activities to vulnerable groups. It will also support organisations who are adapting the way they work to respond to the rapidly changing needs in their communities. Community Foundation Wales is launching the fund with an initial £200,000. Read more here.

Steve Morgan Foundation Emergency Fund - Merseyside, North Wales and Cheshire

Steve Morgan Foundation has introduced an emergency fund to support charities and not for profit companies in their remit area (Merseyside, North Wales and Cheshire west of M6). The fund, of up to £1 million a week for an initial 12 weeks, will be open to charities and not for profit organisations to help with the costs of additional emergency services to support people affected by the virus; it will also help charities experiencing a loss of fundraising revenue to stay in business. Find out more here.

Northen Ireland

Northern Ireland Coronavirus Community Fund

The fund will be open to constituted community organisations throughout Northern Ireland, who are supporting isolated older people at this time. Find out more here.

Scotland 

Third Sector Resilience Fund

A £20m emergency fund 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 primary intention of the fund is to help third sector organisations to stabilise and manage cash flows over this difficult period. Find out more here.

£70m Food Fund

Helping address issues of food insecurity, especially for older people and families in receipt of free school meals. 

£50m Wellbeing Fund 

For organisations that work with at-risk people who may be badly affected by the crisis, including homeless people and those experiencing fuel poverty.

£40m Supporting Communities Fund

The fund will be allocated through community anchor organisations that are already playing a key active role in providing services within the community and will likely have established networking and connections through the communities. 

Funder Updates

Social Investors Respond 

A growing list of social investors have added their names to this letter showing their support and commitment to investees. The most important message is that if you have social investment and think you may need support or flexibility, please get in touch with your investor. They will do their best to help - you do not need to go it alone! 

Individual Funder Updates

Mayor of London contributes £1m to new emergency support fund

The Mayor of London, Sadiq Khan, has pledged £1 million to a new emergency support fund to help London’s community and voluntary organisations affected by the impact of the coronavirus. The Mayor has joined City Bridge Trust, the City of London Corporation’s charitable funder, and London Funders, a network of investors of London’s civil society, to launch the new fund – with an initial £1 million provided by City Hall and £1 million from City Bridge Trust. Read the full article here. 

Scottish Government: Helping communities affected by Covid-19

An additional £350 million will go to those most affected by the coronavirus (Covid-19) pandemic, Communities Secretary Aileen Campbell has announced.

The funding will be made available to councils, charities, businesses and community groups and designed to be flexible, cutting down on red tape to enable them to respond swiftly and according to local need for people impacted economically or through reduced contact with society, including anyone struggling to access food.

An unprecedented UK-wide disaster relief fund launched to help most vulnerable

An unprecedented UK-wide disaster relief fund has been launched to raise money for voluntary groups providing care and support for elderly and vulnerable people hit by the social and economic impact of the coronavirus. Read more here. 

Articles 

Connective Impact 

If you're wondering how to adjust your fundraising strategy during Cornavirus, this free guide could be helpful. 

Fundraising during the Covid-19 pandemic

Civil Society News article by Alex Blake looks at how fundraisers can secure funding and what actions they can take to be proactive during this time. Read the article here

Last updated
8 April 2020