Small and medium sized charities and social enterprises can apply for a loan/grant package to support their work to deliver social or environmental impact. The new £6m Thrive Together Fund provides a package of loan (75%) and grant (25%) to eligible charities and social enterprise organisations which are looking to grow or diversify their business model.
You can apply for between £25,000 to £150,000 (inclusive of the grant element). This will be made up of a fixed amount of 75% loan and 25% grant. Refer to the website for full details of the terms of the loan.
The funding can be used for most purposes including purchasing or redeveloping an asset, continuing or growing a product or service, working capital for ongoing operating expenses.
You must be able to demonstrate that you will generate sufficient and suitable income to repay the loan element.
Registered charities, CICs and Community Benefit Societies can apply. If your organisation is registered as any other legal entity, it must have a social object, asset lock and restriction on profit distribution.
Focus of fund/fund aims:
Grant/loan package up to £150,000 for charities and social enterprises delivering social or environmental impact
Application deadline:
Apply at any time