Additional funding from the Dormant Assets Scheme allocated for cost of living support has allowed us to create the Community Finance Resilience Fund, which will deliver £5m+ of grant and investment funding to community finance organisations.
This fund has been created in recognition of the cost of living challenges for community finance providers and their borrowers, to help the community finance sector to grow and help more people.
Our aim is for this funding to both improve the resilience of the community finance sector, and to preserve and scale affordable credit provision in England.
What types of funding are available?
We have a mixture of funding available through the fund ranging from £10k to £500k for a mixture of uses, including small and large grants, capital adequacy investment for credit unions, and other Cost of Living Resilience Funding. There’s more information available on our Community Finance Resilience Fund webpage and in our application guide.
Deadline for applications
We’re currently accepting applications up until 31 January 2024.
What else do I need to know?
Everything you need to know is on our Community Finance Resilience Fund webpage. Earlier in December we held a webinar to talk through the Fund, this is available on that page, along with supporting documents and a transcription of the Q&A.
How do I apply?
Visit our Community Finance Resilience Fund webpage and complete the application form. Don’t forget to make use of the application guide.