PHASE 3 NOW CLOSED FOR EOIS
The deadline for Expressions of Interest (EOIs) for the Third Sector Resilience Fund – phase 3 has now passed. If you have already submitted an EOI you will now need to complete a full application.
The latest we will be able to accept applications for funding is 9 am on Monday 21 February 2022. However, please note that due to the extremely high volume of EOIs we’ve received, applications will be reviewed on a first come, first served basis.
We highly recommend that you submit your application as early as possible. Unfortunately, with the level of demand we’ve had, we cannot guarantee that all applications will be presented to the panel for a decision.
PHASE 3 FUNDING
Phase 3 of the Third sector resilience fund for Wales (TSRF) is part of the £2.4m of support announced by Welsh Government. Grant funding is available to help voluntary organisations with the costs of surviving the COVID-19 pandemic and / or invest in new or additional activity which will generate a return beyond the period of funding.
The funding is for voluntary organisations of all shapes and sizes in Wales, such as charities, community groups, social enterprises or Community Interest Companies (CICs).
To enable a fair and just recovery in Wales, the new phase of TSRF is prioritising organisations that support individuals or communities that could be affected by discrimination, and those that have not previously received TSRF funding.
Applications are open to any eligible voluntary organisation in Wales, and there is support available to help organisations make sure they are eligible for the fund.
ABOUT THE FUND
Managed by our Social Investment Cymru team, grants of up to £50,000 are available. If the activity requires funding beyond that, there is the opportunity to apply for a loan from Social Investment Cymru if needed.
The fund is split into two strands:
Acknowledging that for some the impact of COVID-19 was late to take effect or become fully apparent, this strand is designed to combat any unprecedented fall in your fundraising and donation income.
The fund is not about replacing the lost income – it is about providing sufficient funds to cover essential expenditure not covered by any residual income or by other supportive interventions. ‘The funding of last resort’.
Some examples of how ‘survive’ funding has been used include covering:
- Organisation core or essential costs
- Staffing costs
- Utilities and/or rent
Funding will also be allocated to help organisations become stronger and better plan for the future, for example by diversifying their income streams or investing in the organisation to allow growth and expansion.
The requirements will be largely the same as the ‘survive’ strand but will be supported by a plan and a cashflow forecast for the new activity.
Examples of how ‘thrive’ funding has been used include:
- Hiring additional staff to progress income generation initiatives such as a fundraising officer, development officer, co-ordinator or communications officer
- Investing in IT infrastructure
- Developing new income opportunities such as an online shop
WEBINAR WITH SOCIAL BUSINESS WALES
This Webinar was hosted by Social Business Wales on 22 September 2021.
AM I ELIGIBLE?
The funding is available across Wales for voluntary sector organisations who are incorporated. Unincorporated organisations can apply but will need to become incorporated before any funds are released. Support is available to help organisations with the process of becoming incorporated.
Full details on eligibility can be found in our eligibility guide:
HOW TO APPLY
For full details of the fund please read the scheme guidance:
TSRF has an open application process. The panel will meet to award funding in Autumn, Winter and Spring. To be considered for the Winter panel we recommend applying as soon as possible.
REGISTER ON MAP
In order to submit a request for funding, you will need to register with WCVA’s Multipurpose Application Portal (MAP). If you have previously registered with MAP, you can log in by entering your username and password on the home screen.
Organisations can register by visiting the website https://map.wcva.cymru.
If you have queries in the first instance please email firstname.lastname@example.org rather than calling – we anticipate a high volume of demand and this will enable us to deal with queries in the most efficient manner.
ABOUT SOCIAL INVESTMENT CYMRU
Visit our Social Investment Cymru page to find out more about what’s on offer.