SIB Group (The) Cost-of-Living Fund (England, Wales, and Scotland) – Deadline: 31st January 2024
The Cost-of-Living Fund (COLF) is a new funding opportunity launched by the SIB Group to help organisations address the cost-of-living crisis. The COLF operates alongside the Recovery Loan Fund (RLF)
which provides loans of between £150,000 and £1.5 million to UK charities and social enterprises based in England, Wales, and Scotland.
The COLF provides non-repayable grants ranging from £40,000 to £150,000 to organisations that already assist people impacted by the cost-of-living crisis and can be used for a variety of purposes, including fixed asset purchase, hiring new employees, and marketing. Grants are provided only in conjunction with an RLF loan.
To apply for a COLF grant or loan, organisations must meet certain eligibility criteria, including being a registered charity or social enterprise and having a minimum turnover of £400,000. The COLF was introduced to help organisations support people who are struggling with the rising cost of living. The fund is particularly interested in supporting organisations that are working with people who are most vulnerable to the cost-of-living crisis, such as low-income households, people with disabilities, and older people. The COLF is provided by the Social Investment Bureau, a social investment charity that provides funding and support to social enterprises and charities across the UK.
More information at: https://www.sibgroup.org.uk/funds/cost-of-living-fund/