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Why Family Business Succession Fails (and how to fix it)
AAB / Blog / COVID-19 – Support for Third Sector organisations
BLOG14th Apr 2020
Four weeks ago, the First Minister announced that the Scottish government was establishing a £350 million emergency package of support for communities, which included a £50 million wellbeing fund for Third Sector organisations.
£10 million of this was been allocated for immediate priorities, and £7 million allocated to support around 2,000 charities with small grants.
With regards to the majority of the funding (up to £33 million), the First Minister announced that expressions of interest can be registered from today (13th April 2020). Visit the SCVO website for further information.
The First Minister encouraged those organisations who need funding to continue providing important services, or if they have good ideas for new services which could help people at these difficult times, to apply for funds.
In addition to the above, details of a wide range of funding available to support Third Sector organisations at this time can be found at:
With some funding, for example the Charities Aid Foundation Coronavirus Emergency Fund, currently paused due to high demand, we encourage Third Sector organisations who require access to funding to register interests and make applications as soon as possible.
TALK TO US ABOUT THIRD SECTOR SUPPORT
Find out more about the AAB Charity Services team.
How AAB can help
When financial pressures hit, AAB’s Restructuring & Recovery team is here to help. They work closely with business owners, directors, and individuals to find the best way forward - whether that’s recovery, restructure, or winding things down. If a business can be saved, AAB steps in early with honest, practical advice. They help improve cashflow, cut costs, and boost performance. If closure’s the right path, they manage solvent liquidations efficiently and tax-effectively. When insolvency can’t be avoided, they support with formal processes like administration or liquidation - always with care and clarity. For individuals, AAB offers straightforward guidance on personal debt and insolvency. No judgement. Just a calm, supportive approach to relieve stress and explain your options. Their experts also work with creditors, helping recover debts and assess the viability of struggling businesses. Whether you’re facing a bump in the road or a serious challenge, AAB’s focus is always the same - helping you take control and find a way through.
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