GMCVO's new social investment fund is now open for applications from organisations trading for social good and looking to grow their activities and impact.
GMCVO are excited to be working in a unique partnership with the Greater Manchester Credit Union Consortium, Greater Manchester Combined Authority (GMCA), Access – The Foundation for Social Investment and Esmée Fairbairn Foundation to deliver local investment with real impact in communities where the need is highest.
What they offer:
- Unsecured investments between £20,000 and £100,000
- Blended finance; this means the investment includes a grant of an average of 20% of your total investment
- An initial interest-only period of up to 6 months may be available
What is social investment and is it right for me?
Social investment is a loan given to organisations and businesses who are trading for a social, cultural or environmental benefit to bring about positive change. This could include addressing social needs, strengthening communities, improving people’s life chances, enhancing culture or protecting the environment.