Australian Cabinet Office has launched a £20 million Local Sustainability Fund to help around 250 voluntary organizations to secure their futures.
Parliamentary Secretary (Minister for Civil Society) Rob Wilson MP and the Cabinet Office launched an initiative that will provide grants to increase the sustainability of around 250 organizations working in the voluntary, community and social enterprise (VCSE) sector.
The fund, which will be delivered by the Big Lottery Fund, will provide grants that will enable recipients to implement organizational changes and access professional advice that might currently be out of their reach. It will give VCSEs access to a wider range of skills and support, with all grant recipients establishing a strong volunteering relationship with a local business. These cross sector relationships will help grant recipients to strengthen their resilience and long term sustainability.
The Local Sustainability Fund will be £20 million of government funding delivered over 2 years, and will be available to medium-sized VCSE organizations that deliver vital support to vulnerable and disadvantaged people. Alongside working with local businesses, recipients will also work with skilled advisors so that the fund generates maximum impact.
Rob Wilson said that the Local Sustainability Fund will establish cross-sector partnerships and build skills crucial to delivering sustainability in the sector. He added that this fund will work towards helping to build a truly compassionate society.