The government’s new £100m Transition Fund will open for applications at the end of the month and be administered by the Big Lottery Fund, the Office for Civil Society said today.
The fund, which was announced in last month’s spending review, will help voluntary organisations that are most vulnerable to short-term reductions in public spending.
Organisations with incomes of between £50,000 and £10m can apply, although how much they can bid for has not yet been announced.
"We have worked quickly to open a £100m short-term fund to help charities, voluntary groups and social enterprises make the transition to becoming providers of public services," said a statement from Nick Hurd, the Minister for Civil Society.
The BLF is one of six organisations on an OCS shortlist to administer its funds over the next four years.
Peter Wanless, chief executive of the BLF, said it would draw on the expertise of voluntary sector organisations, such as the chief executives body Acevo and the soon-to-be-abolished infrastructure quango Capacitybuilders, in distributing funds.
The fund will remain open for 13 months. Detailed eligibility criteria are yet to be announced.