Grant News
Black and Racially Minoritised charities and social enterprises in England can now benefit from £4 million of funding and support via the Social Investment Business.
Delivered in partnership with the Ubele Initiative and Create Equity, the Flexible Finance Fund will support the growth and long-term resilience of up to twenty-five organisations working to improve people’s lives or the environment they live in.
The fund combines a flexible grant with a loan from the Community Builders Fund.
Flexible loans of between £50,000 to £1.5 million are available with up to 100% of this amount as a grant (capped at £200,000), with terms of between 1 to 6 years at a fixed rate of 7.9% per annum.
Eligible applicants must have been operating for at least two years and have a minimum turnover of £200,000.
There is the potential for up to 12 months of interest-only payments, with no early repayment charges.
Applications are accepted at any time.
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