COVID-19 Stability Fund Now Open for Unincorporated Organisations
Government has announced this morning that the COVID-19 Stability Fund for Charities has been opened to applications from Unincorporated Organisations from today Friday, 24 July, 2020 with a closing date of Monday, 10 August, 2020 at 3pm.
Note: this is therefore a very important announcement for charities that are Unincorporated Organisations – it is not relevant to any other types of charities.
The Wheel warmly welcome this additional round of funding for unincorporated charities that require emergency funding as the first round was only available to incorporated charities – and there are many unincorporated charities that require emergency funding support.
It is important to note here that the COVID-19 Stability Scheme (Phase 2) is specifically targeted at unincorporated charities, community and voluntary organisations, and social enterprises registered with the Charities Regulator in Ireland which are at risk of closure or unable to deliver their services due to the current crisis.
Phase 2 of the Scheme is targeting unincorporated organisations operating in Ireland on or before 1 January, 2019 who are primarily delivering services and supports to those most vulnerable in their local communities.
The Scheme is being administered on behalf of the Department of Rural and Community Development (DRCD) by Pobal and we include below some helpful information from the Department re today’s announcement:
The grants awarded will be based on organisations’ financial need, the number of applications received and the budget available. This approach ensures that the funding is made available to as many organisations as possible. Under Phase 1, grants awarded ranged from €2,000 to €200,000. Overall, the Stability Scheme will distribute €35m to charities, community groups and social enterprises across Ireland.
Who is eligible to apply?
The Scheme is now open to community and voluntary organisations, charitable organisations, and social enterprises which meet the following criteria:
- Are registered with the Charities Regulator in Ireland.
- Are unincorporated i.e. not setup as a company and are not registered with Companies Registration Office.
- Are providing supports and services to vulnerable individuals in Ireland on or before 1 January 2019.
- Have a projected loss in traded income or fundraising income of at least 25% for 2020.
How to access Community and Voluntary Stability Scheme:
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You can access the webpage directly via this link:
https://cvsstabilityfund.pobal.ie/ -
A Stability Scheme Online Registration and Application Technical Guide and set of Guidance Notes have also been made available to assist in your application.
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Guidelines and Frequently Asked Questions: we strongly advise you to read the Guidelines and Frequently Asked Questions before you begin the application process.
Opening date for applications is Friday, 24 July 2020 and closing date for applications is Monday, 10 August 2020 at 3pm
Please e-mail Pobal at stabilityscheme@pobal.ie if you have any further questions in relation to the scheme.