Third sector resilience fund for Wales

Eligibility

ELIGIBILITY – GOVERNANCE MODELS

In order to be eligible, you must: –

  • Be an incorporated body based in and operating for the benefit of people in Wales
  • Have governing documents containing suitable asset lock and dividend distribution control
  • Have one of the following legal forms: –
    • Company limited by guarantee
    • Community interest company (limited by shares or by guarantee)
    • Community benefit society
    • Charitable incorporated organisation
    • Company limited by shares where it is a subsidiary of another eligible legal form
    • Financial mutuals

ELIGIBILITY – OTHER CONSIDERATIONS

  • This fund is designed to support those voluntary sector organisations that need financial support to survive the current crisis primarily because of an unprecedented fall in their fundraising and donation income. We realise that many organisations will have a mix of fundraising/donation income and trading income. If your financial situation is predominately because of a loss in trading income, your first port of call should be the grant support made available by Welsh Government (https://gov.wales/coronavirus-covid-19-support-businesses) rather than this funding. There may also be certain sector specific funds available to you e.g. Arts Council of Wales, Sport Wales, etc. However, if there is a reason why you can’t access this support as a voluntary sector organisation then we may still be able to support you
  • Applicants must be able to demonstrate they have suffered or are about to suffer a significant loss of income as a result of COVID19 factors. After pursuing all other options available to them to reduce costs to the minimum essential for survival of the organisation and having sourced specific support from other funds, a shortfall in cash flow remains
  • There is only a finite pot of money and it cannot be expected to cover 100% of an organisation’s costs during this period. We want the fund to be as accessible and as bureaucracy free as possible, so are not prescribing too many hard and fast rules about the amount being asked for within the ceiling. However, we would ask that organisations respect the fact that this is an emergency fund and only request what they genuinely need to survive, thus enabling us to offer support to as many as organisations as possible
  • There will be a limit to the number of larger awards that we can make and it might be necessary to reduce the scale of individual awards subject to overall demand
  • There is no formal requirement to show evidence of need, but we will be asking what other measures have been taken to minimise the amount being requested. Having unrestricted cash reserves does not preclude an organisation for applying for support, but there is an expectation that a relevant proportion of those reserves will be used in conjunction with the funding being requested in this application as part of your plan for survival. Unrestricted reserves are there to support you on a rainy day, this is that rainy day
  • There is no expectation that an organisation will have to have applied for loan funding to cover essential spend during this period. However, if they deem it appropriate, use of this scheme does not preclude such loan applications being made to support other needs
  • We will be looking for evidence that an applicant was not in financial difficulties prior to the crisis and that the package of measures that it intends to put in place, including this support will keep it in existence for at least the next six months
  • Where the fall in income has been predominantly the result of a fall in trading, organisations will initially be expected to apply for support via Welsh Government’s Small Business Grant Scheme. A cross check on applicants will be undertaken

ELIGIBILITY – COSTS

  • Below gives an idea of eligible and non-eligible costs as they relate to the scheme. The list is not exhaustive and what can be covered could be down to very individual circumstances. As a broad rule of thumb they are unavoidable revenue spend: –
Eligible Not Eligible
Staff salaries for those not furloughed and still required for business continuity or service delivery purposes Staff salaries covered by HMG Coronavirus Job Protection Scheme
Salaries for furloughed staff sufficient to restore their earnings to the National Minimum Wage where the 20% reduction takes them below the threshold Capital element of repayments on borrowings
Salaries for furloughed staff sufficient to restore their earnings to the real Living Wage for Wales where the 20% reduction takes them below the threshold and the employer was accredited as a Living Wage Employer before 1 March 2020 Business rates where support is available elsewhere
 Rent on buildings where the landlord is unwilling to defer HMRC payments
Interest on existing borrowings Pension contributions
Utility bills
Supplier invoices, including new invoices for continued service delivery
Business rates where no other support available
Insurance premiums

HOW TO APPLY

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 map.wcva.cymru