Subject - FUNDING OPPORTUNITY - Grass Roots Grants Scheme

Posted : (Tuesday 23rd September 2008 ) By - jess (Registered User)FUNDING OPPORTUNITY - Grass Roots Grants Scheme

What
A £130 million programme that aims to invest in a thriving com! munity sector. Funded by Office of the Third Sector (OTS) and delivered nationally by the Community Development Foundation (CDF) and locally by a network of Local Funders.

Two parts:
· £80 million for small grants (£250 - £5,000) for community organisations with an annual income below £20,000
· £50 million endowments programme to enable Local Funders to generate donations on a matched basis and invest them in endowments to provide long-term funding for frontline community organisations.
Donations will be eligible forGift Aid; if claimed on donations to a charitable cause, a £1,000 match-funded contribution from a business would be worth £2,560 to the fund.
!
When
Will run from Sept 2008 -2011

Funding
Manchester LA area
IMD Rank 5 Small Grants Including the capital element Maximum costs Endowment
Grants Total Allocation
1st Year £257,241.30 £19,293.10 £46,266.86 £89,038.18
2nd Year £277,820.61 £20,836.55 £49,968.21 £178,076.35
3rd Year £288,110.26 £21,608.27 £51,818.88 £178,076.35
£823,172.17 £148,053.95 £445,190.88 £1,416,417.00



Small grants of between £250 - &! pound;5, 000 for community organisations with an annual income below £20,000.

How to apply
Community groups need to apply directly to Manchester's Local Funder: Community Foundation for Greater Manchester, Tel. 0161 214 0940;www.communityfoundation.co.uk .