OSCR and Foundation Scotland hope to unlock funding for the sector

OSCR and Foundation Scotland have announced a new project which could unlock additional funding for charities and other community and voluntary groups across Scotland.

The Revitalising Trusts project aims to identify charitable trusts registered in Scotland that are inactive, and support them to reactivate. ‘Sleepy trusts’ are charities that have either had no income or expenditure over the last 5 years or have donated less than 30% of their total income over the last 5 years. Initial research has identified around 400 of these trusts.

A similar project in England in 2018 has so far made £32 million available to the voluntary sector.

The Revitalising Trusts project is expected to launch in April. You can read more about the project on the OSCR website.