25 October 2010

The Transition Fund announced in yesterday's Spending Review will be aimed at voluntary organisations with incomes between £50,000 and £10 million that have good prospects of being able to deliver public services, but which have low reserves and which stand to be affected in the short term by reductions in spending.

Five partners are being assessed to help deliver the fund, including the Big Lottery Fund and the Community Development Foundation.

The fund is expected to open soon. For more information email transitionfund@cabinet-office.x.gsi.gov.uk.