Background
The Fund was launched in July 2020 and open for a limited period over that summer, with a call for applications from charities in the UK, marking the first time the Trust had been open to applications. Over 2,600 submissions were received with a total request value exceeding £174 million, demonstrating the urgent need within the sector.
In response to the need and quality of applications received, the initial Fund value of £10m was increased to £18m. Applications were carefully assessed on how well they aligned with the Trust’s main areas of interest, the impact of the applicant charity’s work, their financial need and future sustainability.
A total of 329 applications were successful and shared the £18m funding. All grant funds were distributed by early November 2020, just a little over 6 weeks from announcement of successful charities, ensuring that funds were put to work quickly in order to help charities continue to deliver their work.