The Office for Civil Society has won backing from the Treasury for a new fund, hoped to be worth around £40m, to help voluntary organisations which are in danger of closure.
Specifically this fund is for those who deliver high-quality services, to better prepare for the longer term. The fund, which has not yet been named, could provide a mixture of direct grants, funding for third-party support, while access to pro bono and peer support will also be explored to help make these organisations more sustainable and secure their futures.
The intention is that the fund is launched by the end of 2014, so that they can start to get funding out to those in need as early as possible in 2015/16.
