Recovery Loan Fund
The Recovery Loan Fund provides loans of £100,000 up to £1,500,000 (BAME-led organisations and those based in Scotland will be able to apply for loans upwards of £50,000) to UK charities and social enterprises who have been impacted by Covid-19 and need funds to help them to survive, recover and grow. 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 will lend to organisations that are improving people’s lives, or the environment they live in, across the UK and will consider all funding purposes.
The deadline for submission of applications has been extended to 20 May 2022.