£100m Transition Fund details announced

By Kevin Russell | 5 December 2010

Minister for Civil Society, Nick Hurd, announced on 30 November 2010 that the £100million Transition Fund to support charities, voluntary groups and social enterprises affected by public spending reductions was now open for applications.

The fund is available to organisations with a turnover of between £50,000 and £10million, which have derived much of their funding from state sources.

It will provide grants of between £12,500 and £500,000 to enable organisations to make the changes they need to become sustainable in the longer-term.

The Transition Fund is managed by the Big Fund, the non-lottery funding arm of the Big Lottery Fund.

Applications can be made by visiting www.biglotteryfund.org.uk/transitionfund or calling 0330 303 0110.

The application process will close on 21 January 2011.

Posted by Kevin Russell

Our Legal Eagle guru and Stewardship's Technical Director, Kevin constantly has his finger on the pulse of all things tax and charity law-related. His briefing papers for charities, churches and individuals are an invaluable resource on everything from VAT to Gift Aid. 

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