London Funders members the Greater London Authority and the City Bridge Trust have contributed £1m each to launch a new fund to support London’s voluntary sector.
Other contributions include:
Bloomberg L.P: £1m
Trust for London: £500,000
John Lyon's Charity: £500,000
Paul Hamlyn Foundation: £500,000
Julia & Hans Rausing Trust: £200,000
The London Community Response Fund - which will be coordinated by London Funders - will be available to organisations facing immediate financial pressures and uncertainty because of the coronavirus. These include increasing demands for services, higher staff absences, fewer volunteers and lower donations.
As the emergency scheme develops, a variety of funders from across London will pool their resources and expertise to help these organisations. Many have small teams and rely on the support of volunteers to help vulnerable Londoners, such as those on low incomes and victims of domestic violence.