If you’re running a social enterprise or charity that makes an economic and social impact in the Liverpool City Region, the Liverpool City Region Impact Fund (LCRIF) may be a good fit for your organisation.
The LCRIF provides repayable finance to charities and social enterprises in the Liverpool City Region to help them to increase their economic and social impact.
The fund offers:
- Unsecured loans of between £150K- £250K
- Repayment terms up to 10 years
- Competitive interest rates, ranging from 3-8%, based on risk and affordability
- No hidden fees
- Holiday repayment periods of up to 12 months.
Eight investments were made under wave one (2014-16) and they are now looking to make the second wave of investments from the returns on the first wave. Once wave two investments are repaid, the remaining funds will create a legacy for social enterprises in the North West.
The fund has c. £475,000 to invest by March 2020 and a further £153,000 to invest by May 2021. They are currently looking to make 2-3 investments by March 2020, and a further 1-2 investments by May 2021.
The fund is financed by the European Regional Development Fund (ERDF) 2007-13 programme and the SIB Foundation.
Register your interest or find out more: http://bit.ly/2YFz6AB