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.
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