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News & Opinion

Stay posted on news, developments and opinion on how COVID-19 is affecting the sector.

Stay posted on key developments impacting the social investment, charity and social enterprise sectors during the Covid-19 outbreak. 

News

Government announces £750m funding package for charities sector

Big Society Capital & Social Investment Business announces £100 million response to help social sector organisations through the coronavirus crisis

An ambitious £100 million programme of loans and investment is announce to help get much-needed emergency funding to social enterprises, charities and small businesses in disadvantaged areas affected by the coronavirus pandemic. Read Big Society Capital's blog here or Good Finance's response here. 

London Funders Respond

A wider group of funders also recognise that the covid-19 outbreak is an exceptional event that will have an impact on civil society groups. London Funders have come together to offer reassurance that they stand with the sector during this time. With more than £10m raised, the first grants have now been announced.

Budget 2020: Support for those affected by COVID-19

The Chancellor set out a £12 billion package in the 2020 Budget for temporary, timely and targeted measures to support public services, individuals and businesses through the economic disruption caused by COVID-19. Read the summary here. 

Not all charities will be able to access coronavirus loan scheme 

The Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, was announced in last week's Budget as one of the measures to support SMEs that experience financial difficulties as a result of Covid-19.  The Treasury has now confirmed that charities will be eligible, but only if they receive half their income from trading activity. See more on the Civil Society News website.

Charities set to lose £4bn over 12 weeks due to Covid-19 pandemic

Sector bodies estimate that charities will miss out on at least  £4.3bn of income over the coming 12 weeks, though the figure could be far higher. Read full article here.

Charities face 'existential threat', warns Navca chief

Jane Ide says the sector could face long-term damage from the current pandemic. Read more here

Pioneers Post 

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Last updated
9 April 2020