Transition Fund opens for business

The Government’s £100 million Transition Fund for service delivery organisations in England that are facing cuts to their public sector funding, has opened for applications.
Grants will range from £12,500 to £500,000, and recipients must have annual income of between £50,000 and £10 million.
Organisations will only qualify for grants if they can meet all six of the criteria, including that at least 60 per cent of their total income in the most recent financial year came from taxpayer-funded sources, and that they spent at least 50 per cent of their income delivering frontline public services in specified causal areas.
Applicants must also have evidence, or substantial reason to believe, that between April 2011 and March 2012, their organisation will suffer cuts to their public sector funding of at least 30 per cent.
Eligible organisations can apply for a grant of up to half of the reduction in taxpayer-funded income that they use to deliver frontline public services in England.
The deadline for applications is 21st January 2011.
The Big Fund is administering the grants programme on behalf of the Office for Civil Society.
 
[from: Civil Society Finance 30.11.10]