A new 10-year £30 million loan fund has been set up for registered charities and social enterprises based and working in the UK. Loans of between £250,000 and £3 million are available to support registered charities and social enterprises working to improve the economic and social well-being of individuals, particularly those who are vulnerable and disadvantaged, within the UK. The funding is aimed across diversified sectors such as, but not limited to:
- Education and training
- Disability services
- Children and families
- Criminal Justice
- Social and Financial Inclusion
- Community Development
The loans can be used for working capital, growth capital, property purchase or renovation and other capital expenditures. Secured and unsecured loans of between £250,000 and £3 million are available at annual interest rates of between 6% and 12%.The loans can be repaid over flexible timeframes within the fund’s 10-year lifespan.
An expression of interest can be submitted at any time.
For further information please see the Social and Sustainable Capital Website