Tide Charity Reportedly Awards  £175,000 to Small Companies Impacted By COVID-19 Pandemic

UK-based challenger financial institution Tide just lately introduced its Tide Charity has donated £175,000 to small companies which were impacted by the COVID-19 pandemic.

In accordance with Tide, the charity launched in November 2020 in partnership with the Day by day Mail, Karren Brady, and The Federation of Small Companies. Its mission is to offer monetary help to small companies put in danger by the COVID-19 disaster and it has raised greater than £200,000 for small companies in danger. This consists of donations from ClearBank, Amazon UK, GuerillaScope, Hoxton Combine, Ozone, Yapily, and Jumio, in addition to non-public donations and contributions from the general public.

Purposes opened for the primary spherical of grants on the finish of November 2020 and Tide Charity has now awarded grants of £1,000 to 175 profitable candidates. Those that had been awarded funding embody:

• Over half (60%) of the awardees utilized for monetary help from the Authorities
  The Authorities’s assist wasn’t adequate to maintain from falling into monetary issue
• On common, awardees had been buying and selling for six.7 years
• Over half (53%) of the grants went to female-run companies
• Sectors most in want of assist had been arts, leisure, recreation, and hospitality

The three awardees had been Aleafia, Whitefield Bowling Membership, and Nic Holman Pictures. Tide then added:

“Tide Charity is interesting for donations for a second spherical of grants to small companies in want. The charity has already raised over £40,000 for the second spherical and goals to lift an additional £160,000 as rapidly as doable. Purposes for Tide Charity grants will open when the goal of £200,000 has been reached.”