City Bridge Trust gives grants of over £25 million a year to organisations across the capital, but the cash must usually be used for specific projects. However, due to the current circumstances, it is telling over 400 of its active grantees that they can use up to 12 months of this funding for core day-to-day running costs such as paying staff, renting premises and covering essentials such as energy and phone bills.
It is also urging other funders to follow suit and to offer more flexible support to charities and voluntary organisations to help them through the crisis.
It has also donated £6 million to the London Community Response and given over £1.7 million in one-off grants to 202 organisations it already supports to help them offset lost income resulting from the coronavirus pandemic.
source ukfundraising July 2020