Funding for local organisations which can help over 65s weather the crisis
A charity has launched a £1 million emergency fund to support community projects helping older people through the cost of living crisis.
The cash is part of the Independent Age’s rapid response to the looming humanitarian disaster caused by rocketing prices.
It will allocate funding to local organisations which can help over 65s who are struggling financially to weather the cost of living crisis.
The charity is looking to support a range of projects that get more money into the pockets of older people. This could be through ensuring they are claiming the benefits to which they are entitled or reducing their expenditure, by switching energy providers or getting better deals for other services.
Independent Age is launching the new fund in response to the urgent need, at a time when many people in later life are facing a winter of despair. Figures show that 2.1 million older people throughout the UK are currently living in poverty.
And with the latest price hike to energy bills announced last week, even more older people are at serious at risk of falling into poverty.
For many it will no longer be a choice between heating their home or eating a meal, they will be unable to do either.
Simon Hewett-Avison, director of services at Independent Age, said:“The cost of living crisis is having a devastating impact on many older people who have no way to increase their income. As prices go up, and with inflation at an all-time high, more and more older people are being pushed into poverty or having to make impossible decisions about what to cut back on, because the extra money is simply not there.
“We cannot stand by as people struggle. The scale and speed of the crisis means we need to work together to widen the support options for older people.
“Our £1m in rapid response grants will help community-based organisations to provide grassroots support for older people and ensure people receive the sustainable help they need. And our existing community work and national services will continue, so we can reach as many people as possible.”
“We are calling on other funders to collaborate with us to support more organisations and more older people across the UK deal with this crisis.”
The £1m emergency fund is the latest of Independent Age’s grant-making initiatives.
In 2020, Independent Age launched a similar emergency fund to help support community-based organisations struggling in the pandemic.
In response to Covid-19, the charity gave over £3m to 278 small charities who otherwise may have had to scale back the services they provide to older people or risked closure.
For more information and to find out how to apply, visit: independentage.org/cost-of-living-grants-fund