UK Insurance and Long-Term Savings Sector Set Up New COVID-19 Support Fund
New funding for community-based charities and charities supporting the most vulnerable across the UK.
Working in partnership with the Charities Aid Foundation (CAF), and a network of partners, including the National Emergencies Trust, the UK insurance and long-term savings industry have launched a new fund to help support some of the people hardest hit by the coronavirus/COVID-19 crisis.
About £82.6 million has already been pledged with another £17.4 million yet to be raised to meet the goal of £100 million.
The funding is intended to provide immediate relief to charities affected by COVID-19, as well as a longer-term programme of support for people, communities, and issues where there is the greatest need, including:
Community based charities that are under unprecedented strain.
Charities supporting the most vulnerable – in particular, families and children living in greatest poverty and older people in isolation.
Initiatives to promote wellbeing and mental health across society.
Commenting on the new Covid-19 Support Fund, Yvonne Braun, Director of Policy, Long-Term Savings and Protection, Association of British Insurers, said:
“Many charities have lost summer fundraising and shop income and now face huge shortfalls at a time when many people need their support more than ever given the impact of Covid-19. This is why the insurance and long-term savings industry is determined to help them to continue with their vital work. We have teamed up with The Charities Aid Foundation, as their expertise will ensure that this help gets to those who most need it as quickly as possible.”
Please note: Charities will not be able to apply for funding directly as the money will be distributed through umbrella bodies. Further details will be provided as they become available.