This is an unrestricted grants/loan for charities and social enterprises in England who are already supporting people impacted by the cost-of-living crisis. The grant is to be used alongside a loan from the SIB Recovery Loan Fund.
The Cost of Living Fund is open to those who are:
- Continuing their existing products or services
- Increase the number of people supported
- Launch new products or services
- Improve the quality or efficiency of products and services
The ratio of the grant to the loan is 20% to 50%.
To apply you will need to have a minimum of two years’ operating activity and a minimum turnover of £400k in the last financial year (or £200k if the organisation is BAME-led)