The National Lottery Heritage Fund has resumed accepting small and medium project funding applications and launched an interest free loans pilot.
The project funding – for grants between £3,000 to £100,000 – will provide financial assistance for organisations working with heritage to build their resilience.
The new interest free loans – available for sums between from £50,000 to £250,000 – are aimed at organisations looking to restart and develop their income generating potential.
National Lottery Grants for Heritage
The reopening of project funding is the first phase of a two-stage resumption of the National Lottery Grants for Heritage. It represents a return to their core business, but it is not a return to business as usual.
The primary focus is on resilience and supporting heritage not-for-profit and public sector organisations and local authorities through the continuing COVID-19 crisis.
They are also accepting applications from organisations or partnerships with projects that are led by and/or which engage diverse groups.
The budget for the first phase is £10million. The first decision meeting will take place in mid-January.
The decision makers will prioritise applications from those who have not received funding through the Heritage Emergency Fund or government recovery funds for heritage and culture.
Explore the application guidance to find out if this funding is suitable for you.
This is a rolling programme so there are no deadlines. You can apply whenever you are ready, and we will assess your application within eight weeks. Your proposals will then be discussed at the next decision meeting.
Heritage Recovery and Resilience Loans
In the National Lottery’s Strategic Funding Framework 2019-2024 they set out ambitions to develop repayable finance interventions. Repayable finance not only maximises impact through recycling some of the National Lottery’s income, but social investment and loans such as this helps the heritage sector to diversify income, strengthen business models and become more resilient.
The loans pilot has a budget of £1.2m, which is being offered on a 0% interest basis, with no arrangement fee, and a 12-month payment holiday. Recipients will then have up to five years to repay the loan.
Applicants must be:
- not-for-profit organisations
- current or previous recipients of National Lottery Heritage Fund or National Heritage Memorial Fund grants over £10,000
- organisations with enterprising business models that don’t rely on just grants and donations
Find out more in the loans application guidance.
Deadline: 14 February 2021