The £3million Sporting Capital Fund was created by Sporting Assets, the leading sport for social impact advisor, in partnership with the Access Foundation.
It is funded by the Growth Fund, which was set up by the Big Lottery Fund and Big Society Capital, to support social investors committed to meeting the funding needs of charities and social enterprises.
Commenting on the launch of the fund earlier this year, Tracey Crouch, the Minister for Sport and Civil Society, said: “It’s not just about the sport – it’s a community asset… simply being engaged in sport is good for your physical and mental wellbeing.”
The Fund is offering loans of between £50,000 and £150,000 to eligible projects in the form of a simple, repayable and unsecured loan. Its objective is to encourage and support healthy and resilient communities with sport and physical activity at their heart.
This makes the arrangement ideal for organisations that want to:
• make a difference in the community through sport, physical activity or in a sport setting
• grow and become more sustainable by generating more or new income
Sporting Capital anticipates being able to support 30 such projects between now and June 2020. Right now, it is actively looking for organisations to help. If you would like to find out more, click here
