Information required to apply for investment
For some guidance on what you need to consider before taking on investment, see Good Finance's list here. Along with providing a range of information you will need to have put together a business plan and a cashflow forecast for your organisation, with details about the part of your work you would like a loan for. Good Finance provide a link to business plan templates and information at the link above.
If you think your organisation needs support to become investment-ready, have a look at our investment-readiness support directory to find an appropriate support organisation. You may also be able to apply for a Reach Fund grant.
Reach Fund grants for investment-readiness support
GMCVO is a Reach Fund Access Point. This means we can refer you to apply to the Reach Fund, which offers grants of between £5,000 to £15,000 to spend on the support you need.
In order to be able to apply for the Reach Fund you need to already be in touch with an Access Point like us and aiming to apply for social investment. If you would like to apply for a loan with us but you think you might need support from the Reach Fund first, go ahead and fill out an enquiry form as normal. We will then discuss your needs with you and decide if the Reach Fund is a suitable next step.
If the Reach Fund is the right option for you, we will work with you to identify the support you need and put together an investment-readiness plan. You would then be invited to apply to the Reach Fund for a grant to pay for the support identified.
NB: The Reach Fund is to be used to get you to a point where you are able to put together a strong application for a loan. Grants offered are not for general capacity building.
Investment-readiness support directory
If you're looking for organisations and individuals who offer a range of investment-readiness support you can use our investment-readiness support directory. The directory gives you a list of support providers who have given us details of the support they offer. All support providers on the list have agreed to offer the first consultation free of charge to GM Social Investment / Reach Fund applicants. This means you will be able to discuss your needs with potential support providers and find the right support provider for you.
NB: The directory is not intended as a recommendation of any support providers listed, but simply as a signposting tool.
Can you provide investment-readiness support?
This could be things like financial planning, development and strategy, building and architecture, legal advice or mentoring alongside a range of other categories. To register as a support provider, please complete the survey here.
The survey includes:
The requirement that you agree to provide an initial consultation for free
A request for a link to the appropriate landing page on your website that explains the services you offer
A checklist to indicate which types of support you offer.
NB: The support directory does not constitute a recommendation from GMCVO and applicants seeking support will be responsible for selecting and commissioning the help they require. GMCVO reserves the right to remove any entry on the support directory, although we will not actively seek feedback on services provided.