The Recovery Loan Fund will lend to organisations that are improving people’s lives, or the environment they live in, across the UK. All funding purposes will be considered including refinancing of existing debt onto more patient terms. It has been established by Social Investment Business (SIB) to make an existing Government guarantee scheme, the Recovery Loan Scheme, more easily accessible to charities and social enterprises.
The Fund is being run by Social Investment Business with initial investment from SIB and the Fusion21 Foundation - the charity parent and social investor of social enterprise and public sector procurement provider Fusion21. In addition, SIB will work with experienced social investor partners to deliver the fund: Big Issue Invest, Charity Bank, Key Fund, Resonance, Social Investment Scotland and Wales Council for Voluntary Action. Other delivery partners may be added in the future.
Eligible organisation can apply for loans of £150k-£1.5m.