Grant News
Charities, social enterprises, and community organisations in England, Scotland and Wales can now benefit from £17 million of repayable funding via the Social Investment Business.
The Community Builders Fund offers loans ranging from £100,000 to £1.5 million to support the growth and long-term resilience of organisations working to improve people’s lives or the environment they live in.
Organisations based in Wales and Scotland can apply for loans upwards of £50,000.
Loans are repayable over six years at a fixed rate of 7.9% per annum. There is the potential for up to 12 months of interest-only payments, with no early repayment charges.
Eligible applicants must have been operating for at least two years and have a minimum turnover of £400,000 (£200,000 for those in Scotland or Wales).
The fund is supported by the Government guarantee scheme – Growth Guarantee Scheme.
Applications are accepted at any time.
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