All National Lottery Community Fund funding decisions made in the next six months will be devoted to responding to the COVID-19 crisis - this will include releasing up to £300 million worth of funding.
The statement was made by National Lottery Community Fund CEO Dawn Austwick in a press release published last week.
Dawn said, "In deciding how to implement this approach we have to make some tough choices about how we get the money out quickly to those communities and organisations that need it most. To reach those groups best placed to support their communities at this vital time, we will prioritise the following faster payments for existing grant holders and applicants using the following criteria:
- Activities specifically geared to supporting communities through this crisis
- Helping organisations overcome any liquidity issues caused by COVID-19.
"We are doing this because we know it is critical right now to work harder as a funder to get cash out of the door and hope that by acting quickly we can help organisations at the fore-front of the current crisis, when support is needed most."
The statement goes on to say that should the lottery get through its initial tranche of support with some funding left over. or if circumstances change, they will move to set new priorities.
To read the statement in full, click here.