In April we provided details of the Covid-19 Support Fund, created by the ABI in the Insurance and Long-Term Savings sector to enable firms to help maximise the impact of the insurance sector’s donations to alleviate the effects of this crisis and help frontline charities speedily.
The Covid-19 Support Fund is working in partnership with the Charities Aid Foundation, which will distribute funds to a network of charity partners who are on the frontline in helping those affected by the crisis and BIBA supports its aims wholeheartedly.
To date, the fund now stands at £83m a tremendous reaction from our sector. The first donation to the National Emergencies Trust (NET) from the Covid-19 Support Fund was completed on 26thMay – £20million.
So far nearly 6,000 NET grants have provided food and support services directly to those in need and have also allowed community groups to provide mental health and wellbeing support. It has also enabled frontline providers to access digital services and PPE to allow their vital services to continue during lockdown.
Every donation from the fund will be approved by the Support Fund Governance Committee, chaired by Tulsi Naidu (Chief Executive, Zurich UK).
BIBA has agreed to support the initiative in terms of raising awareness and you may consider this to be another vehicle by which you can help those that most need it but we feel strongly that this is a decision for each business and each individual.
To find out more visit https://www.covid19support.org.uk/