What is the Covid-19 Recovery Fund?
The Rank Foundation is one of nineteen funders, foundations and philanthropists who are partnering with the Government’s Community Match Challenge scheme. The Rank Foundation’s Covid-19 Recovery Fund strand will support 200 charities and social enterprises with urgent and immediate financial needs. Those organisations that are facing unprecedented demand for services or those that are facing a significant reduction in income as a result of the pandemic will benefit from the fund. This can include (but is not limited to) staff salaries, project running costs, general running costs and overheads, and goods and equipment which would not be capitalised.
Core grants of up to £25,000 per organisation to help to retain vital community services and to create resilience are available. This funding must be disbursed and spent by onward grantees by 31 March 2021.