This is a social investment fund for charities, social enterprises and community groups that want to grow and develop their services to make a difference in their community.
The fund provides repayable loans of between £50,000 and £1 million, with a 5.5% fixed interest rate. There are also some additional commitment and legal fees.
The loans can be used for:
- Working capital/cashflow management
- Delivering products and/or services to new customers
- Building organisational resilience such as investing in improving impact measurement and reporting, designing and developing products or services, systems and processes, sales and marketing, hiring new staff, and purchasing assets
You need to have a clear charitable purpose and social impact. You need to have been trading for at least one year and have a minimum annual turnover of £75,000. You will need to have a plan showing how social investment could help you become more sustainable, create jobs and open up opportunities.
The loans are provided by CAF: Charities Aid Foundation.
Focus of fund/fund aims:
Repayable loans to help charitable organisations to increase their social impact
Application deadline:
Applications may be submitted at any time