The 3rd phase 3 of the Third sector resilience fund for Wales (TSRF) is part of the £2.4m of support announced by Welsh Government. Grant funding is available to help voluntary organisations with the costs of surviving the COVID-19 pandemic and / or invest in new or additional activity which will generate a return beyond the period of funding.
To enable a fair and just recovery in Wales, the new phase of TSRF is prioritising organisations that support people with protected characteristics, and those that have not previously received TSRF funding.
Applications are open to any eligible voluntary organisation in Wales, and there is support available to help organisations make sure they are eligible for the fund.
Acknowledging that for some the impact of COVID-19 was late to take effect or become fully apparent, this strand is designed to combat any unprecedented fall in your fundraising and donation income.
The fund is not about replacing the lost income – it is about providing sufficient funds to cover essential expenditure not covered by any residual income or by other supportive interventions. ‘The funding of last resort’.
Funding will also be allocated to organisations that are looking towards their future, for example to diversify their income streams or to invest in the organisation to allow growth and expansion.
The requirements will be largely the same as the ‘survive’ strand but will be supported by a plan and a cashflow forecast for the new activity.
See full guidance here