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New Covid-19 Stability Fund Announced

Clann Credo, Ireland’s leading social finance provider to community and voluntary organisations, charities, and social enterprises, welcomes the Government’s announcement of a €40m package of supports for the charity sector that will comprise:

  • A targeted €35m Stability Fund, distributed as once-off cash grants, to provide immediate short-term cash flow for organisations delivering critical services that have suffered significant income loss due to Covid-19 restrictions.
  • A €5m Government contribution to a Philanthropy Fund focused on supporting Covid-19 responses that require innovative and adaptive solutions to existing and emerging challenges.

Paul O’Sullivan, CEO of Clann Credo, said "the funding will be a vital support for the sector. Many of the community groups we work with have rallied to the aid of vulnerable people in their communities and have had to radically change the way they deliver services. This has put an enormous strain on finances.”

Clann Credo would like to thank Minister Michael Ring and the Department of Rural and Community Development for their ongoing commitment to the community and voluntary sector in Ireland. These funds will play an essential role in maintaining essential community services during these extraordinary times.

Further details on the fund and how to apply HERE

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