In February 2009 the Cabinet Office announced Real Help for Communities: Volunteers, Charities and Social Enterprises, an Action Plan including a series of new funding programmes targeted at managing the impact of the recession on the third sector.
Funded by the Office for the Third Sector, the £16.5 million Modernisation Fund is helping third sector organisations become more resilient to the impact of the economic downturn.
The Modernisation Fund is focused on helping organisations that are providing services to those worst hit by the recession. The funding is targeted at helping these organisations overcome barriers to collaboration and merger, or take other steps to adapt to the recession.
One of the key principles of the action plan is to help achieve economic growth, equality and social mobility.
The fund is now closed
To keep up to date with the Government's package of support for the third sector, organisations can sign up to the Office of the Third Sector e-bulletin at www.cabinet-office.gov.uk/third_sector.