{"id":8758,"date":"2020-03-25T10:50:25","date_gmt":"2020-03-25T14:50:25","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-pledges-vital-support-to-londons-civil-society-groups-affected-by-covid-19\/"},"modified":"2020-03-25T11:54:26","modified_gmt":"2020-03-25T15:54:26","slug":"bloomberg-pledges-vital-support-to-londons-civil-society-groups-affected-by-covid-19","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-pledges-vital-support-to-londons-civil-society-groups-affected-by-covid-19\/","title":{"rendered":"Bloomberg L.P. Pledges Vital Support to London\u2019s Civil Society Groups Affected by COVID-19"},"content":{"rendered":"
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Bloomberg L.P. to contribute \u00a31 million to London Community Response Fund; brings total funds to over \u00a35 million<\/strong><\/em><\/p>\n

25th<\/sup> March, 2020, London\u00a0 — Bloomberg L.P., the leading financial technology and information company, is contributing \u00a31 million to the London Community Response Fund, a new mechanism to support London\u2019s civil society and cultural groups affected by the COVID-19 pandemic.<\/p>\n

With this donation, Bloomberg becomes the fund\u2019s founding corporate partner, building on the \u00a31 million contributed by the Mayor of London and \u00a31m from City Bridge Trust. The contribution from Bloomberg was announced alongside the decision from Trust for London to allocate \u00a3500,000 to the effort.<\/p>\n

Thanks to this outstanding cross-sector collaborative effort, the London Community Response Fund now stands at over \u00a35 million, with further funders expected to announce their contributions in the coming days. This comes ahead of the opening of applications for civil society groups affected by the crisis to apply for support later in the week.<\/p>\n

Jemma Read, Global Head of Corporate Philanthropy, Bloomberg L.P. said<\/strong>: \u201cThe coronavirus pandemic risks the continuity and stability of thousands of London\u2019s nonprofit organisations and the vitally important services they provide to our communities. This joint initiative, with so many incredible philanthropic partners, will help ensure that many of our city\u2019s nonprofits can withstand this crisis and continue to serve the most vulnerable Londoners.\u201d<\/p>\n

The fund, which will be coordinated by London Funders, will be available to organisations facing immediate financial pressures and uncertainty because of the COVID-19 outbreak \u2013 with reports of organisations dealing with increased demand for services, sickness affecting staff and volunteers, and lower donations.<\/p>\n

Funding partners have been working with London Funders to identify the needs of London\u2019s communities to ensure that resources can flow quickly to those worst affected. This includes work to identify and focus on the needs of vulnerable groups, children and young people, food, advice, domestic violence, homelessness, arts and culture organisations and more.<\/p>\n

Bharat Mehta, Chief Executive, Trust for London said<\/strong>: \u201cTrust for London is committed to helping its grantees and the wider sector during this challenging time. We are pleased to contribute \u00a3500,000 to this vital fund. It is great to see the sector coming together, acting quickly and pooling resources to support vulnerable Londoners and communities affected by the pandemic.\u201d<\/p>\n

Details of the funding programme\u2019s first wave of applications will be published on the London Funders website in the coming days, and groups can sign up at https:\/\/londonfunders.org.uk\/our-blog\/new-emergency-support-fund-announced-help-community-and-voluntary-organisations<\/a>. This page will be regularly updated as details are announced.<\/p>\n

The new funding announcement follows the publication of a statement signed by more than 200 funders wishing to show their support to the sector at this time. The statement, coordinated by London Funders, has signatories from across the UK who can all be seen on the dedicated website: www.covid19funders.org.uk.<\/a><\/p>\n

NOTES TO EDITORS<\/p>\n

Media contacts:<\/strong><\/p>\n

Geraldine Tovey, London Funders, geraldine.tovey@londonfunders.org.uk<\/a> or +44-20 7255 4488<\/p>\n

Natalie Harland, Corporate Communications, Bloomberg LP, nharland1@bloomberg.net or +44-20-3525-8820<\/a><\/p>\n

About London Funders<\/strong>
\nLondon Funders is the membership network for funders and investors in London\u2019s civil society. We\u2019re focused on collaboration \u2013 convening funders to connect, contribute and cooperate together, to help people across London\u2019s communities to live better lives.
\nwww.londonfunders.org.uk<\/a><\/p>\n

About Bloomberg<\/b>
\nBloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company\u2019s strength \u2013 delivering data, news and analytics through innovative technology, quickly and accurately \u2013 is at the core of the Bloomberg Terminal. Bloomberg\u2019s enterprise solutions build on the company\u2019s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit\u00a0Bloomberg.com\/company<\/a><\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"Bloomberg L.P. to contribute \u00a31 million to London Community Response Fund; brings total funds to over \u00a35 million 25th March, 2020, London\u00a0 — Bloomberg L.P., the leading financial technology and information company, is contributing \u00a31 million to the London Community Response Fund, a new mechanism to support London\u2019s civil society and cultural groups affected by [...]","protected":false},"featured_media":8629,"template":"","format":"standard","categories":[22,17],"press_tag":[94,227,119,79],"class_list":["post-8758","press","type-press","status-publish","format-standard","has-post-thumbnail","hentry","category-philanthropy","category-press-announcement","press_tag-bloomberg","press_tag-bloomberg-philanthropy","press_tag-philanthropy","press_tag-press-announcements"],"yoast_head":"\nBloomberg L.P. 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