Posted October 12, 2023
Crowdfunder Launches Cost of Living Resilience Fund for England
The £500,000 Cost of Living Resilience Fund is provided by Access – the Foundation for Social Investment using funds from the Dormant Assets Scheme and run by Crowdfunder.
This match-funding initiative will provide grants of up to £50,000 conditional upon applicants first securing crowdfunding via Crowdfunder’s platform.
The fund aims to increase sustainability in social sector organisations by supporting them to deliver projects which build organisational stability and resilience to deliver.
Examples of the kind of project which would be match funded include:
- Refurbishment of premises to better serve the community and increase delivery capacity.
- Development of a new service or product to bring in additional revenue.
- Investment in current activity to allow growth or expansion of services.
Applications will be accepted from:
- Charitable Incorporated Organisation
- Community Benefit Society
- Community Interest Company Limited by Guarantee
- Community Interest Company Limited by Shares (need to have an asset lock).
- Community Interest Company
- Co-operative Society.
To be eligible, applicants must:
- Bring in over 33% of its income through trading activities.
- Be based in and support communities in areas of deprivation in England, as measured using the Indices of Multiple Deprivation (IMD).
- Provide services supporting people with the cost of living.
The types of services being delivered may include (but are not limited to):
- Provision of advice, in particular debt and financial advice.
- Provision of warm spaces over winter, linked to the provision of wider advice & support services.
- Provision of no or low cost food, through food banks or food delivery boxes.
- Support with housing needs whether that be through advice to those made homeless, provision of low/no cost home furnishings or provision of housing itself.
- Access to transport to enable people to access shops or facilities and employment.
The fund will close when all the funding is allocated.