FundingNews

Thrive Together Fund

Thrive Together Fund
image.png

Blend of loan (75%) and grant (25%)  

Amount ¬£25k ‚Äď ¬£150k (inclusive of 25% grant)

New £6m fund partnership set to increase the availability of finance to smaller charities and social enterprises. 

The Fund is delivered by a partnership made up of Social Investment Business, Co-operative and Community Finance, Fredericks Foundation, Groundwork, Homeless Link and The Architectural Heritage Fund.

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 ‚Äď 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‚ÄĮenhance the social and economic capacity of a community.

Further information and how to apply: Thrive Together Fund 
For further explanation: please take a look at this webinar

Leave a Reply