ASDA Foundation: First Steps Enterprise Fund

Loans

ASDA Foundation’s First Steps Enterprise Fund, managed by Social Investment Business, offers funding packages of up to £30,000 or up to £50,000 for exceptional cases (90% loan and 10% grant). The loan element is charged at 5% (fixed) to be repaid over a period of four years with an optional capital holiday for the first year.

Charities and social enterprises that:

  • are based in England
  • have been in operation for at least on year
  • can provide evidence of need for and benefit to their local community; and
  • are looking to take on their first loan to help them grow and become more sustainable are eligible to apply.

Particular preference is given to organisations that work in the following areas:

  • Older people;
  • Health and wellbeing; and
  • Employment for young people.

For more information and how to apply please click here.

 

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