The Cabinet Office has launched a new £100million Transition Fund to help the charities, voluntary groups and social enterprises that are affected by public spending cuts to make necessary adjustments so that they can continue to play an important part in public service reform and the Big Society Agenda.
The Office for Civil Society has appointed BIG Fund (non-Lottery funding operation of the Big Lottery Fund) to administer the fund. There will be a briefing event in Leeds in December. The briefing event is open to charities, voluntary groups and social enterprises which meet the following criteria:
- Civil society organisations with an income of between £50,000 and £10 million
- At least 60% of your income is from taxpayer funded sources
- You must spend at least 50% of your taxpayer funded income on service provision in at least one of the following areas – health and social care; homelessness; education and training; offender rehabilitation; welfare to work/ employment services; children and families; debt counselling and legal advice
- Your free reserves must not be more than six months
- You face significant cuts; you will experience cuts of least 30% of your taxpayer funded income in 2011/12, as compared to your most recent set of signed annual accounts
- The minimum grant size is £12.5k and grants will meet no more than half your taxpayer funded income. This means that you will have lost at least £25k
- The majority of the grant expenditure will be on change activities
- You are delivering the majority of your services in England.
To register for the event, please email firstname.lastname@example.org by 8 December 2010 with your name, phone number, organisation, address and any access requirements.