You are here: Home - Saving-Banking - News -

Charity suspends £500 crisis grant due to ‘unprecedented demand’

Written by:
Turn2us launched a one-off £500 coronavirus grant fund last week but applications are no longer being accepted due to ‘unprecedented demand’.

The Coronavirus Grant Fund – a one-off crisis payment of £500 per household to help those facing financial hardship due to the global pandemic – was launched on Thursday last week.

But the charity was overwhelmed with applications, having received 4,555 in just two working days since the fund launched.

While the grant scheme has been suspended, Turn2us said the team is currently going through the applications to reduce the backlog before re-opening the fund for applications.

It added that those who are in more vulnerable circumstances will be prioritised.

The charity can’t say exactly when the grant scheme will re-open, but added it is unlikely to be before the weekend.

When it does start accepting applications again, Turn2us confirmed the grant fund will still stand at £500 per household.

In total it has been able to award £38,000 in grants to those struggling to cover immediate basic household expenses.

Turn2us said that over a million people have come to the charity for financial support in the last three weeks alone.

“Our grants team are processing applications at record speed and our digital team are keeping the Benefits Calculator and Grants Search tools up-to-date every day,” it added.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Autumn Statement: Everything you need to know at a glance

Yesterday Chancellor Jeremy Hunt made his first fiscal statement in the role, outlining a range of tax measure...

End of Help to Buy: 10 alternatives for first-time buyers

The deadline for Help to Buy Equity Loan applications passed on 31 October. If you’re a first-time buyer who...

Moving to an energy prepayment meter: Everything you need to know

As households struggle with the soaring cost of energy, tens of thousands of billpayers are expected to move o...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week