Fund title: First Steps Enterprise Fund

Focus of fund/fund aims:

Small loan and grant packages for early-stage community enterprises

Application deadline:

n/a

Fund description:

This is a £300,000 pilot fund for community enterprises looking to take on their first loan to help the organisation move forward from the start-up stage.

There is a particular focus on organisations working in the following areas:

  • older people
  • health and wellbeing
  • employment for young people

Small community-led organisations can apply for up to £30,000 (90% loan and 10% grant) to help them grow their services and become more sustainable. The investments are the first steps towards accessing the wider social investment market and more financing options.

 

Further information:

http://www.sibgroup.org.uk/firststeps/