THIRD PHASE OF FUNDING ANNOUNCED
We’re really pleased that our Social Investment Cymru Team will soon deliver the third phase of the Third Sector Resilience Fund for Wales. The new round of funding was announced by First Minister, Mark Drakeford at WCVA’s flagship event, gofod3.
The fund is a continuation of Welsh Government’s support to the voluntary sector through COVID-19. The new phase of the Resilience Fund will initially offer over £2m in additional grant funding, providing largely revenue funding.
The availability of additional funding support comes in recognition that the impact of COVID-19 remains with us and as support such as the furlough scheme starts to wind up, or measures like social distancing remain in place, some organisations will continue to experience problems with their revenue streams that threaten their ongoing existence.
Other organisations will also be looking to the future and wanting to invest in new or improved ways of generating income. Building on the successes of the first two phases, phase three will again serve as a ‘fund of last resort’ for many who might be unable to access other support to address either of these aspects.
SURVIVE AND THRIVE
The new phase of the Third sector resilience fund for Wales will have two strands:
- ‘Survive’ – acknowledging that for some the impact of COVID-19 was late to take effect or become fully apparent, and
- ‘Thrive’ – for organisations looking to develop and improve their resilience as they recover from the impact of the pandemic.
Details of the next round of funding are still being finalised, and an announcement of the scheme opening for applications will be made shortly. If you want to register your interest and be notified when the fund goes live, please email firstname.lastname@example.org.
ABOUT SOCIAL INVESTMENT CYMRU
Visit our Social Investment Cymru page to find out more about what’s on offer.