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Chancellor Rishi Sunak’s announcement of a £750m funding package for charities is a hugely welcome first step in support and immediate assistance to charities providing essential services around the UK.
Half – £360m – will be directly allocated to charities providing key services and supporting vulnerable people during the crisis.
The remaining £370m will go to small and medium-sized charities working in local communities, including those delivering food, essential medicines and financial advice to people impacted by the pandemic.
With the charity sector estimated to be facing at least £4 billion drop in income over the next 12 weeks and many charities having to make drastic cuts already, there has never been a greater need for support. And, clearly, more is urgently required.
Charities and sector bodies including the Institute of Fundraising, the NCVO and Charity Finance Group have been extensively lobbying the Government for support over the past few weeks, and while the sector has welcomed the Government’s announcement, this is set to continue with many urging it to commit to reviewing its level of support as the crisis continues.
In the meantime, practical help and advice is at hand from Rapidata’s Covid-19 Resource Hub and from other specially set up resources, including the Institute of Fundraising, the NCVO, and the Small Charities Coalition
There is much charities can do on a practical level to help mitigate the risk of falling income both during the pandemic and beyond. In our own COVID-19 hub we are publishing a series of advice and helpful links both from ourselves as well as from our partners and other industry experts.
Our latest data on the state of regular giving, specifically looking at the last few weeks since the UK has been on lockdown, we can see cancellations in Direct Debit donations have jumped.
We’ve also included help and advice on how to keep donors engaged, how to offer flexibility to supporters to reduce attrition, and how to safeguard your regular giving with our tips for a fundraising contingency plan.
At Rapidata, we are keen to support you wherever possible during these difficult times, so please don’t hesitate to get in touch.