The Chancellor, Rishi Sunak, has announced a package of funding worth £750 million to help the country’s charities, many of whom have seen a significant shortfall in fundraising and other income as a result of the Coronavirus pandemic.
He praised the 170,000 charities across the UK who were helping communities with the impact of COVID-19, but recognised that the Government will not “be able to match every pound of funding they would have received this year”.
However, he did pledge £370 million of funding to go to smaller charities, the “unsung heroes” in many villages, towns and cities, including some through a grant to the National Lottery Community Fund.
Government departments will also be given powers to allocate a further £360 million to charities “providing essential services and supporting vulnerable people”, including £200 million of dedicated funding for hospices.
Rishi Sunak also confirmed that the BBC would be holding a special fundraising event, the Big Night In, which is due to be held in partnership with the National Emergencies Trust.
During this event, the Government has promised to match the public’s donations “pound for pound”, with a minimum pledge of £20 million.
The Chancellor also re-iterated that charities could make use of existing support schemes, including the Coronavirus Job Retention Scheme, to support workers who need to be furloughed.
It is not yet fully clear how this new funding will be delivered by the Government, but we intend to keep you updated as more details are announced.