The TECT office remains open and our team are available to answer any questions you have regarding funding and our protocol around this given the ever-changing COVID-19 situation.
We will not be reducing our grant budget for the 2020/21 financial year, despite a challenging investment environment. As such the Trustees signed off the 2020/21 Distribution Plan last week which confirms the funding available for the next year. The plan can be viewed here.
This a difficult time for many community groups. Events are being cancelled or postponed, demand for services is likely to increase, and anxiety is high around an uncertain future. We are here to support our community and are doing everything we can to ensure we are both flexible and fair in regard to our approved funding, and future funding throughout the year.
Longer term, our granting depends on our investments. Through good years and bad years, our investment policy takes a long-term view and is designed so that we will have a consistent ability to grant at current levels for a sustained period of time.
Due to the restrictions on public events and mass gatherings, it is more than likely that recent grants approved to support events, and future grant request to support events, may be impacted. In these instances, we'll communicate directly with you.