The government’s £100m Transition Fund, which will offer grants to medium-sized charities to help them deal with cuts in public spending, has opened for applications.
The fund, which is being managed by the Big Fund, the non-lottery arm of the Big Lottery Fund, will provide grants of between £12,500 and £500,000 to help charities, voluntary groups and social enterprises with annual turnovers of between £50,000 and £10m.
It is aimed at helping organisations that work primarily in England adapt to the new funding environment after the government’s spending review in October.
The full eligibility criteria, published on the Big Fund’s website, say that organisations must be spending at least half their total income on delivering front-line public services in seven set areas, including health and social care and homelessness.
They must also have evidence, or "substantial reason to believe", that between April 2011 and March 2012 they will see a reduction of at least 30 per cent in funding for delivering public services in England. The organisation’s free reserves must be sufficient for no more than six months’ total expenditure.
In a statement, Nick Hurd, the Minister for Civil Society, said charities, social enterprises and voluntary groups would face tough challenges over coming months.
"The £100m transition fund will be a lifeline, giving organisations the space they need to take stock and build sustainable plans for the future," he said. The fund was not a substitute for sustainable long-term funding, he added.
To make an application, visit the website or call 0330 303 0110. The deadline for applications is 21 January and any cash awarded must be used in 2011.