PHASE 3 FUNDING NOW OPEN
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.
To enable a fair and just recovery in Wales, the new phase of TSRF is prioritising organisations that support people with protected characteristics, 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’.
Funding will also be allocated to organisations that are looking towards their future, for example to diversify their income streams or to invest 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.
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 Autumn panel we recommend applying as soon as possible.
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:
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.