diff --git a/hypha/apply/api/v1/serializers.py b/hypha/apply/api/v1/serializers.py
index cb181e628c1002af1f6f4d4470e50375d5481f55..e327821adccc5954827815b6c7a4127bda366766 100644
--- a/hypha/apply/api/v1/serializers.py
+++ b/hypha/apply/api/v1/serializers.py
@@ -21,7 +21,7 @@ from hypha.apply.users.groups import PARTNER_GROUP_NAME, STAFF_GROUP_NAME
 
 User = get_user_model()
 
-markdown = mistune.create_markdown()
+markdown = mistune.create_markdown(escape=False)
 
 
 class ActionSerializer(serializers.Field):
diff --git a/hypha/apply/funds/templatetags/markdown_tags.py b/hypha/apply/funds/templatetags/markdown_tags.py
index c869b6ac5d1bff16bc904b8b87ca842c33b377ab..d85613ecd081cf598cc21fe1677b178091ff9e19 100644
--- a/hypha/apply/funds/templatetags/markdown_tags.py
+++ b/hypha/apply/funds/templatetags/markdown_tags.py
@@ -4,7 +4,7 @@ from django import template
 
 register = template.Library()
 
-mistune_markdown = mistune.create_markdown()
+mistune_markdown = mistune.create_markdown(escape=False)
 
 
 @register.filter