Funding is available for not-for-profit organisations that are current or previous recipients of a grant directly from National Heritage Lottery Fund to support activities and costs that will develop and restart their income generating potential.
Heritage Recovery and Resilience Loans are long-term investment to support the actions needed to stabilise and modify operations, build organisational resilience, and adapt programmed projects as part of an organisation’s recovery from the impact of coronavirus/COVID-19.
This funding is well suited to organisations who have already been working on resilience, and are currently operating with a mixed income model of enterprise and grant funding, who require support to meet operating costs or adjust their operating model as a result of the COVID-19 crisis.
Loans of between £50,000 and £250,000 are available with the following terms:
- Fixed 0% interest rate
- No arrangement fee
- No early repayment fee
- Optional 12-month repayment holiday
- Repayment period of up to five years
- Loan must be claimed within 12 months or receiving permission to claim it.
Priority will be given where organisations:
- Are experiencing increased financial risk from COVID-19 and have a reliance on income streams other than grants and donations
- Are in greater financial risk due to limited reserves as a result of COVID-19
- Are focused on a heritage asset that is at risk as a result of COVID-19
- Are making an outstanding contribution to places and communities
- Because of their strategic role in the heritage sector, it is likely that they will have received significant investment in the past from the National Lottery Heritage Fund
- Can demonstrate a good track record working towards their inclusion priority, so that a wider range of people will be involved with heritage
- Can demonstrate they are managing heritage attractions that are significant to the heritage visitor economy. Particularly those in areas of deprivation that meet our economic regeneration outcome, the local economy will be boosted.
- Can demonstrate a good track record working towards our wellbeing outcome, people will have greater wellbeing .
Applications will be accepted from 25 November 2020 to 14 February 2021. Decisions will be made by 31 March 2021.