This fund aims to increase the number of social enterprises in the Yorkshire and Humber Region that can access the finance that they need to develop and grow.
To access this fund you will have clear social aims and objectives, and fit one of the following descriptions, – Not for private profit, Asset locked, Have clear policies or restrictions around profit distribution (at least 51% of profits reinvested for social aims and objectives)
- Loans of up to £300k
- Maximum term of 10 years
- Interest charged at 6.5% flat
- 2% arrangement fee