Do you have a great idea for a business with social impact? Is your organisation already delivering social impact and you want to grow what you're doing or expand in a new direction?
GMCVO are offering affordable and accessible social investment aimed at small and very small social enterprises and charities that trade, including new organisations.
This blended finance (mixture of grants and loans) is designed for organisations who have the potential to add more value to their local communities and grow their social impact. GMCVO are looking to invest between £10,000 and £50,000 of flexible, unsecured finance in each suitable applicant, to be repaid over one to five years. There is an arrangement fee of 1%, the interest rate charged is 6.6% flat rate and there are no early repayment penalties. Each investment will combine grants with loans into a simple product to help organisations grow their great ideas.
Whether you address social needs, strengthen communities, improve people’s life chances, enhance culture or protect the environment – if your business trades for the common good, this opportunity is for you.
Contact one of the Investment Officers before 11 February 2022 to find out more: Alana 0790 061 5583 / Tekla 0791 732 5615 or email: [email protected]
For more information visit Access to Growth Investment Fund