CYP Now - Funding Focus - Coronavirus funding

With the voluntary sector set to lose £4bn in income due to the impact of the Covid-19 pandemic, children’s charities have been calling for support from government and grant-giving organisations to offset losses in trading activities and donations over the past few months. Some funders have acted quickly to give grant recipients more flexibility over how they use money to support those affected by the crisis, while others have set up dedicated emergency fund programmes to help voluntary organisations survive. Here are the key developments.

Youth Endowment Fund

The Youth Endowment Fund (YEF), set up last year to support youth organisations working with young people at risk of offending and violence, has created a new fund to support young people at risk. The funding will prioritise organisations most at risk of closing due to the crisis.

At the moment it is unclear how much funding will be available from the £200m fund, but in a blog, executive director of the fund Jon Yates says the YEF will pay an external organisation to assess what support is needed and will have the biggest impact.

“On top of this, we will continue to support the charities we already fund – not one will lose out on funding from us because the original plans have to be changed,” he wrote. “Above all of this, our number one priority will be to get help and support to vulnerable young people who desperately need it.

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