Blend of loan (75%) and grant (25%)
Amount £25k – £150k (inclusive of 25% grant)
New £6m fund partnership set to increase the availability of finance to smaller charities and social enterprises.
How does the fund work?
The Fund aims to strengthen communities through providing unrestricted funding to unlock the growth of small and medium sized charities and social enterprises. With £3 million from Social Investment Business and £3.6 million from Access – the foundation for social investment, the Fund will combine grant funding with repayable finance.
Through blending funding, the partnership intends to expand the reach of social investment to smaller organisations or those based in disadvantaged areas, targeting funding where it can be most effective at promoting equitable outcomes, and ensuring that any interventions enhance the social and economic capacity of a community.