£5.5m fund available for social enterprises in North of England and the Midlands

first_img Social enterprises in the North of England and the Midlands can now apply for a new £5.5 million fund. The Northern Impact Fund offers grant and unsecured loan finance to social enterprises.It is being made available by Key Fund, an investor in community and social enterprises since 2001. It is designed for new and early stage enterprises which are seeking finance to support growth.It is open to applications from social enterprises operating in the Midlands, North East, North West and Yorkshire and the Humber. It is aimed to help cover the initial costs related to social impact, such as investing in training for young people and staff, as the enterprise gets up and running.“Without the Key Fund support, we’d be finished. They’ve handed us at least two ‘get out of jail’ cards. Without them we wouldn’t be here today.” – Barnsley Community Build AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis17 Tagged with: Funding Midlands North East North West social enterprise Howard Lake | 22 September 2016 | News £5.5m fund available for social enterprises in North of England and the Midlands  155 total views,  1 views today Growth FundThe Northern Impact Fund has received support from the Growth Fund,  an initiative of Access, the Foundation for Social Investment.  The Growth Fund has been designed to increase the availability of small, affordable, unsecured loans for charities and social enterprises.The Growth Fund currently stands at £45m and provides a mixture of loan from Big Society Capital and grant from the Big Lottery Fund, to social investors across England.Seb Elsworth, Access’s Chief Executive, said:“The blend of loan and grant, which we make available to social investors, like the Key Fund, means that they can provide smaller loans on affordable terms with appropriate support. We are also encouraging the development of partnerships which can help to open access to social investment for more charities and social enterprises to help them to sustain and grow their impact.” Advertisement  156 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis17 About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img

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