Applications are now open for the Third Sector Resilience Fund (TSRF), a £20 million emergency fund for third sector organisations in Scotland. It is part of a £350m support package for the sector in Scotland in response to the coronavirus pandemic. The 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.
Who is it for?
The TSRF is designed for charities, voluntary organisations, social enterprises and other third sector organisations that already deliver services and products but that find themselves in financial difficulties directly as a result of the Coronavirus pandemic, as opposed to pre-existing financial difficulties. The funding's primary intention is to help these organisations to stabilise and manage cashflows over this difficult period.
The TSRF is part of a range of support available to third sector organisations. Interested applicants are strongly encouraged to assess all the schemes available to them and only apply to the Third Sector Resilience Fund if this is the most appropriate for their individual circumstances.
How much can organisations apply for?
The TSRF can provide grants between £5,000-£100,000. In addition, a further £5m is available in fully flexible, 0% interest loans starting at £50,000. The fund is complemented by specialist business advice from Just Enterprise to help grant recipients maximise the impact of the financial support.
How can organisations apply?
Interested organisations should visit SCVO's Third Sector Information Hub where all the information about the fund is available - www.scvo.org/support/coronavirus/funding/for-organisations/third-sector-resilience-fund .
In order to apply, organisations must complete a short eligibility checker to assess their suitability for the fund. Based on the answers provided, they will be directed to the correct application form based on their funding needs or signposted to other sources of relevant funding/support.
Social Firm Scotland and Senscot would like to add that their staff will be available – online or by phone – to offer any support or advice to social enterprise organisations looking to submit an application. All staff contact details are listed below.