New emergency support fund to help VCS organisations
New emergency support fund announced to help community and voluntary organisations
London Funders' (LF) members the Greater London Authority and the City Bridge Trust have contributed £1m each to launch a new £2m fund to support London’s voluntary sector.
This is an initial contribution and LF are working with funders from across sectors to bring more money together in response to community need.
The emergency scheme - which will be coordinated by London Funders - will be available to organisations facing immediate financial pressures and uncertainty because of the coronavirus.
These include increasing demands for services, higher staff absences, fewer volunteers and lower donations.
As the emergency scheme develops, a variety of funders from across London will pool their resources and expertise to help these organisations.
Many have small teams and rely on the support of volunteers to help vulnerable Londoners, such as those on low incomes and victims of domestic violence.
A special section of the London.gov.uk website will be created to help link organisations in need of volunteers with individuals wanting to sign up to help. More information on this will be made available soon.
The Mayor of London is making a plea to other funding organisations (including central government) to contribute to this fund.
See their website for a press release from the Mayor’s team.
Next steps from London Funders
Further information about the fund will be published on the LF site next week once more details are confirmed.
LF are also in the process of creating a separate webpage with the national Covid-19 funder pledge which will contain further news and announcements.