We are pleased to announce we have extended the application window for our Emergency Investment fund until February 26th 2021.
This fund has been set up to support social enterprises, charities and community businesses negatively impacted by the Covid-19 crisis, who have been unable to access suitable or sufficient investment from existing support schemes.
If you are a social enterprise, a charity or a community business then you can apply for a loan of between £50,000 to £250,000 for a 5-year term to support you through the crisis.
The Emergency Investment loans remain interest and capital free either until your turnover returns to pre Covid-19 levels, or a maximum of two years - whichever is the shorter. Repayments are then made over a maximum period of 3 years and interest charged at 3% in year 1, 6% in year 2 and 9% in year 3 (total maximum term 5 years).
Additionally, for organisations impacted by Covid-19, we are able to support applications for Social Investment Businesses’ Resilience and Recovery Loan Fund and the Bounce Back loan Scheme offered by Growth Company.
Our Access to Growth investment fund is still going strong, offering smaller investments (£10,000-£50,000) to support social enterprises, charities and community businesses to grow their social impacts.
For communities looking to develop their own housing schemes or sports facilities, we are also the local partner for the Resonance Community Developers Fund.
If you have any questions regarding how any of these funds might help your social enterprise, charity or community business, or would like to or are thinking of applying, please contact our social investment team on firstname.lastname@example.org