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Funding Watch - The Social Enterprise Loan Fund

What is it? The Social Enterprise Loan Fund (TSELF) provides loans to charities and social enterprises that are unable to secure sufficient funding from mainstream sources.

How much is on offer? Loans of up to £250,000 are available to finance property purchases and improvements. A social enterprise that needs additional working capital can apply for up to £50,000. Loans of up to £100,000 are available to finance other fixed assets.

What will it fund? The company aims to help organisations that have a social impact, especially those working in disadvantaged communities. For instance, Space, a social enterprise in Blackpool that provides facilities for young people interested in music, recently received £10,000 from the fund.

Who can apply? Loans are given to charities and other social enterprises that have a charitable purpose, particularly those operating in the 25 per cent most deprived boroughs or wards in England.

Find out more: Visit www.tself.org.uk

- More funding at cypnow.co.uk/resources/funding


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