City Bridge Trust has announced emergency funding for 170 small charities across the capital to help support them through the coronavirus pandemic.

The London funder is giving grants of up to £15,000 to all of the small charities it supports, which may be having to cope with a sudden loss of income due to Covid-19.

Funding worth an estimated £1.25m will be given to all of the organisation's grantees with a turnover of less than £500,000.

The grants are designed to support charities with running costs and to help organisations in replacing loss of income, supporting them now and in the months ahead before society begins to return to normality.

The trust's chairman, Dhruv Patel said the sudden scale of the pandemic has "created shockwaves throughout the whole of society".

"It has also necessitated a raft of measures by Government which have had repercussions throughout all sectors including the voluntary and community sector.

“Communities need support to get through these tough times now more than ever and the valuable work of these small charities cannot be underestimated. This emergency funding will help them to continue playing a vital role in mobilising people and resources to help and protect people across the capital.

“The trust has a crucial role to play in ensuring the sector stays strong and effective, particularly by helping the smaller charities that will be heavily impacted.”

Last month, City Bridge Trust pledged £1m to a new emergency support fund to help London’s community and voluntary organisations affected by the impact of the COVID-19.

The funder joined the Mayor of London, Sadiq Khan and London Funders – a network of investors of London’s civil society – to launch the new fund, with an initial £1m provided by CBT and another £1m from the Mayor of London.

The emergency scheme, which will be coordinated by London Funders, will be available to charities facing immediate financial pressures and uncertainty because of the coronavirus.

Share Story: