COVID 19: Chancellor announces financial aid package for charities

Charities have been hit hard during the COVID 19 pandemic. Charitable income especially donations have fallen significantly, yet at the same charities are faced with supporting their communities now more than ever.

On 8 April, Chancellor Rishi Sunak announced a £750 million package to help charities struggling during the coronavirus (COVID-19) pandemic.

Charities are struggling as a result of donations drying up and shrinking income due to enforced shop closures during the coronavirus lockdown. The measures announced by the Chancellor include cash grants, which will be supplied to charities that provide key services during the crisis.

As part of the scheme, £360 million will be directly allocated by government departments to those charities. Another £370 million will be directed to small local charities, including those delivering food and essential medicines and providing financial advice.

Charities can already use existing coronavirus schemes, such as the Coronavirus Job Retention Scheme, to support people and protect their employees. Some larger charities have furloughed two-thirds of their employees.

The Chancellor said: ‘Our charities are playing a crucial role in the national fight against coronavirus, supporting those who are most in need.

‘It’s right we do everything we can to help the sector during this difficult time, which is why we have announced this unprecedented £750 million package of extra funding.’

Tens of thousands of charities providing vital services will benefit from direct cash grants to ensure they can meet increased demand as a result of the virus as well as continuing their day-to-day activities supporting those in need.

As well as this, £370 million for small and medium-sized charities, including through a grant to the National Lottery Community Fund for those in England, will support those organisations at the heart of local communities which are making a big difference during the outbreak, including those delivering food, essential medicines and providing financial advice.

The Chancellor also announced the Government will match fund whatever the public decides to donate to the BBC’s Big Night In charity appeal on 23 April, starting with a contribution of at least £20 million to the National Emergencies Trust appeal.”

Currently The National Lottery Community Fund have not released details of how the distribution of £360m will operate.  When more details are made available, we will update you on this.

Further information can be found here.

https://www.gov.uk/government/news/chancellor-sets-out-extra-750-million-coronavirus-funding-for-frontline-charities

COVID 19:  Chancellor announces financial aid package for charities