welcome to our funding packages
We offer investment from £5k to up to £150k to community and social enterprises operating in the North of England and the Midlands. The right kind of money at the right time.
Up to £150k – Blended finance (loans with up to 20% grant)
Our Northern Impact Fund offers 20% of the value of the loan as grant, thanks to support from Access – the Foundation for Social Investment with finance provided by it’s partners Big Lottery Fund and Big Society Capital. This unsecured lending is suited to new and early stage enterprises who are seeking finance to support growth or become more robust; typical investments are around £50k. There is up to a 1% arrangement fee with each investment.
Up to £150k – Blended finance (loans with up to 30% grant)
With up to 30% of the value of the loan as grant, supported by Power to Change, this fund is for community businesses.
Up to £150k – Standalone loans
We can also provide loans to Community and Social Enterprises. Loans are funded from the following:
- ERDF via the European Union
- Big Society Capital
- Regional Growth Fund
- Nottingham Social Impact Fund
Up to £18k – Standalone loans
Our European Progress Microfinance Facility loan is designed to support the set up or development of a small business. It’s suited to those who want to set up a social enterprise or develop an existing one with fewer than 10 employees. Interest rate of 6.5% flat and an arrangement fee of c12.4% APR.
Some standalone loan applicants may qualify for a reduced interest rate with support via the EaSI guarantee. The financing benefits from the support of the European Union under the Guarantee Facility established under Regulation (EU) No 1296/2013 of the European Parliament and the Council Estate Union Programme for Employment and Social Innovation (“EaSI”)
Our Investment Team will work with you to identify the most appropriate fund for your needs, please give us a call to discuss.