The Ofgem Energy Industry Voluntary Redress Scheme (Energy Redress Scheme) has opens its latest funding round for applications. The fund is to help charities that support vulnerable energy consumers. This is the seventh round of the scheme, it includes four different funding streams including a new Crisis Fund, introduced to help address the impact of COVID-19 on vulnerable households.
The 3 new funding streams are:
The Main Fund contains £2.1 million and is aimed at projects seeking grants between £50,000 and £500,000.
The Small Grants Fund contains £450,000 and is aimed at projects seeking grants of between £20,000 and £49,999.
The Innovation Fund contains £450,000 and is aimed at projects seeking grants between £50,000 and £450,000, that will develop innovative products or services to benefit energy consumers.
The 4th funding stream is the COVID-19 Crisis Fund contains up to £10 million and is open to charities that support vulnerable households who are at crisis point and unable to top up their prepayment energy meters.
The fund can award grants between £20,000 and £300,000 towards crisis interventions and the initial closing date for applications is 5pm on Thursday 21 May 2020.