Growing great ideas for good
Do you have a great idea for a business with social impact?
Is your organisation already delivering social impact and you want to grow what you're doing or expand in a new direction?
We are offering affordable and accessible social investment aimed at small and very small social enterprises and charities that trade, including new organisations.
This blended finance (mixture of grants and loans) is designed for organisations who have the potential to add more value to their local communities and grow their social impact. We are looking to invest between £10,000 and £50,000 of flexible, unsecured finance in each suitable applicant, to be repaid over one to five years. There is an arrangement fee of 1%, the interest rate charged is 6.6% flat rate and there are no early repayment penalties. Each investment will combine grants with loans into a simple product to help organisations grow their great ideas.
Whether you address social needs, strengthen communities, improve people’s life chances, enhance culture or protect the environment - if your business trades for the common good, this opportunity is for you.
We want to help you finance your own initiatives that will kick start growth. This could include:
Growing your customer base
Purchase of equipment
Hiring new staff
Developing new products