The Kent Social Enterprise Loan Fund (KSELF) offers Kent’s charities and social enterprises unsecured loans of between £10,000 and £100,000. The scheme is a blended loan and grant fund (30%) with a flat interest rate of 5% with a split between capital and interest payments remaining fixed throughout the term.
Investment readiness and business support is also provided by Kent Community Foundation’s dedicated Investment Fund Manager throughout the whole process.
The aim of the Fund is to spread the culture of social enterprise and break down the barriers which prevent enterprising social businesses from accessing finance. Once finance is repaid, it will be re-loaned and re-invested back in the community.
Key attributes of the Fund:
- Investment from £10,000 to £100,000
- Flexible and tailored packages
- Accessible application process
- Fixed rates and terms
- On-going supportive relationship
- Funds reinvested in the sector
A wide variety of organisational structures can apply including charities, Community Interest Companies, Companies limited by guarantee, Industrial & Provident Societies.
Social enterprises must be operating within the Kent County Council administrative area and be utilising the finance to benefit Kent residents.
For further information and how to apply please click here.
Other Social Enterprise Funds
Matthew Good Foundation: Grants for GoodWednesday December 15th, 2021 11:59pm
The Matthew Good Foundation’s Grants for Good supports local community groups, charities, voluntary groups or social enterprises from across the UK with an annual income under £50,000 that have a positive impact on communities, people or the environment. Throughout 2021, the Foundation will share £10,000 between five shortlisted projects that have a positive impact on…Arts & Culture Education & Employment Environmental Health & Social Care Older People Social Enterprise Youth
Paul Hamlyn Foundation: Ideas & Pioneers Fund
Paul Hamlyn Fondation’s Ideas and Pioneers Fund awards grants of up to £15,000 to support people with a vision of a better society to explore their ideas for change. The Fund seeks to support: Applications that focus on early stages of exploring ideas. This will mean that your activities will help you figure out the things…Education & Employment Loans Social Enterprise
Social Investment Business & The Forward Trust: Forward Enterprise Fund
The Forward Enterprise Fund is £2 million social investment fund that supports charities and social enterprises run by, or creating employment opportunities for, ex-offenders and people in recovery from addiction. The Fund provides access to unsecured loans between £25,000 – £150,000 for revenue and/or capital projects (typical interest rate 7.5%) for up to a five year term. Eligible organisations…Health & Social Care Social Enterprise
The Care & Wellbeing Fund
The Care and Wellbeing Fund is an investment fund which aims to develop and scale community-based services to improve people’s health and wellbeing, from prevention to clinical services. The Fund invests in projects run by social enterprises (either as CICs or limited companies) that tackle the challenges faced by those affected by cancer or generating learning…