Funding news

Transition Fund announced - 30 November 2010

The £100m Transition Fund, announced in the spending review, will seek to help small and medium-sized charities in England most vulnerable to short-term reductions in public spending.

Administered by the Big Fund (the non-lottery funding arm of the Big Lottery Fund), the fund will be available to charities, social enterprises and community interest companies that find themselves in difficulties as a result of the public spending cuts, and can make a good case for transitional support to help them develop a new business model.

To qualify for funding, organisations must fit a comprehensive set of criteria, including the following:

  • be spending at least 50 per cent of their total income delivering specified frontline public services
  • have received at least 60% of its income from 'taxpayer funded' sources
  • have an income between £50,000 and £10 million.

Organisations will also need to have evidence, or reasonably believe that, between April 2011 and March 2012, they will experience a reduction of at least 30 per cent or £25,000, whichever is greater, of the taxpayer-funded income that they receive for the delivery of the services. Organisations can only apply if their free reserves could pay for their expenditure for no more than six months.  

Full details of eligibility criteria can be found on the Big Fund's Transition Fund pages.