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Transition Fund. Up to £100 million available Open to charities, voluntary groups and social enterprises Enabling civil society organisations delivering.

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Presentation on theme: "Transition Fund. Up to £100 million available Open to charities, voluntary groups and social enterprises Enabling civil society organisations delivering."— Presentation transcript:

1 Transition Fund

2 Up to £100 million available Open to charities, voluntary groups and social enterprises Enabling civil society organisations delivering high quality public services to be more resilient, agile and able to take opportunities presented by a changing funding environment

3 Big Lottery Fund in England Awards for All£300 - £10kReaching Communities £10k - £500kJubilee People’s Millions£20k - £60kParks for People £250k - £5mInternational £50k - £500kwww.biglotteryfund.org.uk

4 What’s it all about? Civil society organisations, which deliver high quality public services, are more resilient, agile and able to take opportunities presented by a changing funding environment

5 Who can apply? You must be one of the following organisations:  a registered charity  a voluntary and community unincorporated charitable association  a community benefit society registered as an industrial and provident society  a community interest company  an organisation of another type if you operate as a social enterprise and principally reinvest your surpluses for social benefit

6 Which public services?  health and social care  homelessness  education and training  welfare to work/employment services  children and families  debt counselling and legal advice  offender rehabilitation

7 Financial criteria You have approved annual accounts, no more than 12 months old Your total income for that year was between £50,000 and £10 million At least 60% of total income came from taxpayer-funded sources At least 50% of total income spent delivering the public services You have evidence, or significant reason to believe, that you will experience a reduction of at least 30% of the taxpayer-funded income you receive for the public services Your free reserves could pay for your organisation’s total expenditure for no more than six months

8 Grant Size  Grants between £12,500 and £500,000  You can apply for up to 50% of the reduction in taxpayer-funded income  Mainly revenue funding - up to £5,000 of capital  For activities that focus on the change and transition needed to lead to the programme outcome: Civil society organisations, which deliver high quality public services, are more resilient, agile and able to take opportunities presented by a changing funding environment

9 Example At least 50% of total income spent on the public services At least 60% of total income from taxpayer- funded sources At least 30% loss in taxpayer-funded income spent on public services Max Grant is 50% of the loss in taxpayer funded income spent on public services Organisation X has an income of £1,000,000Spends £500,000 on the public servicesIt receives £600,000 from taxpayer funded sourcesLoss of £150,000 (30% of £500,000) Maximum grant size £75,000 (50% of £150,000) £500k£600k £150k £75k

10 What will it pay for? The majority of activities should be change activities and could include for example:  developing and redesigning existing and new services  restructuring or moving to a different business model, including redundancy costs where necessary  the costs associated with moving services to or from other organisations  the costs of developing new partnerships, alliances, mergers and/or shared services  staff training  getting expert advice and support.

11 Incomplete applications Assessment: need outcomes making a successful transition Assessment Reduction Total income Free reserves

12 What you should tell us Need Why you need transition funding The impact on your end users of the public services you provide What your future market looks like Outcome How your organisation will meet the programme outcome Your vision of how your organisation will look after the transition Making a successful transition How will you make a successful transition Relevant skills and experience The services offered during and after your transition Notify us of any de minimis State Aid received in the previous three financial years

13 Example Organisation Y is heavily dependent on public sector funding and has been warned it faces significant reductions in that funding Without public sector funding the organisation is no longer sustainable in its current structure However, it knows there will be opportunities in the future and the public services it delivers are of a high quality It wants to develop more diverse income streams and become a viable social enterprise

14 Example Transition Fund could fund: Creating a business plan to develop partnerships and secure funding Redundancy costs Staff training to ensure the organisation had the right skills to complete a successful transition Advice and training to develop new reporting and monitoring processes to better evidence impact Transition Fund cannot: Pay for staff salaries to continue to deliver existing services and reduce the need for redundancies Replace lost income from public bodies until new opportunities may be available

15 Timescales Send us your application no later than noon on 21 January 2011 We expect to award and pay up to £10 million of grants by the end of March 011 Remaining awards will be made by the end of May 2011 All payments will have been made by July 2011 You must spend your grant by 31 March 2012

16 If you’re successful Separate bank account (except a registered charity) Awards made between March and May 2011 You may need to send us more information E.g. firmer evidence of reductions in taxpayer-funded income if you were unable to in January You must spend the grant and send report by end March 2012

17 Next steps Take a look at: We will update questions and answers after the events Use the eligibility checklist on the website to ensure this is the right programme for you Send us your application before noon on 21 January 2011 Ensure you send us all the supporting information Please complete a feedback form today – and use it to let us know whether you are likely to apply


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