Lubbock Fine, 9 April 2020
The last few weeks have seen the launch of a variety of governmental grants and schemes to assist businesses and individuals to cope with the current challenging economic climate. Until yesterday, however, apart from schemes which apply to all businesses, such as VAT deferment, suspension of business rates and the ability to furlough staff, the needs of UK charities had been alluded to but not specifically addressed. The Chancellor of the Exchequer, Rishi Sunak, has now announced a £750 million package to support thousands of charitable organisations to continue their vital work during the coronavirus outbreak.
Of this £750 million, £360 million will be directly allocated to charities that provide key services and support vulnerable people. A further £370 million for small and medium-sized charities, will support community organisations, who, amongst other services, deliver food and essential medicines and provide financial advice directly to their local communities. Furthermore, as part of the BBC’s Big Night In, on 23 April, Government will match fund whatever the public donates during the appeal, starting with a minimum of £20 million. The work starts now to identify priority recipients, with the aim for charities to receive money in the coming weeks and ensure that these organisations can continue to deliver the services which provide a lifeline to millions of people throughout the United Kingdom.
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