What is the Cost of Living Fund?
The Cost of Living Fund (COLF) provides grant funding alongside Recovery Loan Fund (RLF) loans to eligible charities and social enterprises who are supporting people in the 30% most deprived areas of England and delivering products and services to people impacted by the cost-of-living crisis. We determine this by using a measure called the Index of Multiple Deprivation (IMD), which looks at several key factors in the area. You will be able to check if you operate in a qualifying area using our Postcode Checker. Currently the grant is only available to organisations operating in IMD 1-3.
The fund does not provide standalone grant funding. Organisations can only receive a COLF grant if they are successful in applying for a RLF loan. See our RLF page for further information on the loan. For example, a total funding package of £200k would be made of £50k grant and £150k loan.