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Please check this webpage for updated information.
This
page provides information and links to organisations who have funding available to Voluntary Groups and Organisations.
The economic
situation, its likely effects on our sector and its duration are causing concern, and it is unclear yet to what extent the
availability of grant-funding will be affected.
Some of you, particularly those involved in trading or with trading arms, or with major
assets such as buildings or land in your ownership, should perhaps also be considering loans as a means of obtaining funding.
It is true that loans have to be paid back, but there are two loan providers in the voluntary sector and operating in our
area which have a specific interest in the voluntary sector and in social enterprises and offer more attractive loan rates
than commercial equivalents.
Invertay Social Investment Fund (ISIF) can offer loans of up to £50,000 to social enterprises and other voluntary
organisations at a repayment rate which would be negotiated but be based on the organisation’s financial situation.
The repayment rate can be as low as 1.5% above base rate, much more attractive than what banks would charge.
Social Investment Scotland (SIS), can offer larger loans
of up to £200,000 to the same organisations at a fixed rate of 8%, and they may work with ISIF in jointly financing
a loan greater than ISIF’s £50,000 maximum.
Such opportunities are certainly worthy of consideration by organisations involved in trading or with the
collateral to enable them to take out a loan. The offers come from bodies which know the voluntary sector well and are part
of it, and ISIF has voluntary sector representation on its Board. For further information, contact Harry Terrell of ISIF (tel. 01382 542085; e-mail
harryterrell@hotmail.co.uk); Pierre Stadnik of SIS (tel. 0131 558 2335; e-mail PierreStadnik@socialinvestmentscotland.com); or myself.
The above information was kindly supplied by CVS,
Perth and Kinross.
Trust House Charitable Foundation
Please find below a link to a funding stream which will be of interest to you. This funder identifies acceptable
applications including transport for the elderly, disabled or disadvantaged. The Trust House Charitable Foundation awards
grants totalling about £2m in sums of between £1000 and £3000. http://www.trusthousecharitablefoundation.org.uk/guide.pdf
Grantsnet Search Engine
Grantsnet have launched a new style search engine to help organisations
find potential funding. Their new system is free to use and doesn't need organisations
to register to access it. There is also a grant alert facility where you can elect to receive details of updates and new grants.
Grantsnet is online at http://www.grantsnet.co.uk.
Esmée Fairbairn Foundation Main Fund Guidance Notes
Esmée Fairbairn Foundation has updated its
Main Fund Guidance Notes with the aim of giving clearer advice about their funding. They have also added
information to their website about the kind of work they will fund. You can now apply online to the Main Fund. Alongside the
Main Fund they continue to run specialist Strands, for more information on these and how to apply see the website.
Voluntary Action Fund
- Community Chest
The Voluntary Action Fund's
(VAF) Community Chest grant has re-opened for new applications. The grant is aimed at smaller community groups
and voluntary organisations across Scotland and will provide grants of up to £1,000, as well as free training to groups
with an annual income under £25,000. Applications can be made for a wide range of activities or operational costs and
are welcome throughout the year with 31st March, 30th June, 30th September and 31st December deadlines. Groups
wishing to apply for a Community Chest grant can get further information and download the application form and guidance notes
from the VAF website. Alternatively, please contact Patricia McKibben on 01383 620780.
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