diff --git a/opentech/apply/funds/templates/funds/includes/round-block-listing.html b/opentech/apply/funds/templates/funds/includes/round-block-listing.html
index 43f59b4ded1d025b333c18ce27e4eeb66e2aea6e..0c4fc9625b50ffbb9da14c63b2e28656d4c484fb 100644
--- a/opentech/apply/funds/templates/funds/includes/round-block-listing.html
+++ b/opentech/apply/funds/templates/funds/includes/round-block-listing.html
@@ -25,5 +25,9 @@
                 <a href="{% url 'apply:rounds:list' %}{{ query }}">Show all</a>
             </li>
         {% endif %}
+    {% empty %}
+        <p class="round-block__not-found">
+            There are no {% if round.end_date %} {{ display_text|lower }} {% else %} open {% endif %} rounds
+        </p>
     {% endfor %}
 </ul>
diff --git a/opentech/static_src/src/sass/apply/components/_round-block.scss b/opentech/static_src/src/sass/apply/components/_round-block.scss
index 3889673adff77a22d4017dc141104e8007c1e0dd..3e5e49227cc55351e3023364c03762adb5ff436e 100644
--- a/opentech/static_src/src/sass/apply/components/_round-block.scss
+++ b/opentech/static_src/src/sass/apply/components/_round-block.scss
@@ -80,4 +80,11 @@
     &__title {
         font-weight: $weight--semibold;
     }
+
+    &__not-found {
+        margin: 0;
+        padding: 20px;
+        background-color: $color--white;
+        border: 1px solid $color--light-mid-grey;
+    }
 }