"Real Help for Communities" Modernisation Fund
The Government’s £16.5 million ‘Real Help for Communities’ Modernisation Fund will help third sector
organisations be more resilient to the impact of the current economic downturn.
It is focused on helping organisations providing services to those
worst hit by the recession.
The funding will help in two main ways:
- Bursaries
of £1k for organisations to pay for initial advice on how they can
become more resilient and work more closely with others to increase
their impact, and grants of up to £10k to help pay costs involved in
moving towards collaboration or merger. - Interest-free
loans of between £30K and £500K for third sector organisations with
existing plans for mergers and collaboration or other activities to
help them prepare for difficult times.
Funder: Cabinet Office: Office of the Third Sector
Part of the Cabinet Office, the Office of the Third Sector (OTS) leads
work across government to support the environment for a thriving third
sector (voluntary and community groups, social enterprises, charities,
cooperatives and mutuals), enabling the sector to campaign for change,
deliver public services, promote social enterprise and strengthen
communities. The OTS was created at the centre of government in May
2006 in recognition of the increasingly important role the third sector
plays in both society and the economy.
