Resilience and Recovery Loan Fund (RRLF)
The Resilience & Recovery Loan Fund (RRLF) is a new fund aimed at social enterprises and charities that are experiencing disruption to their normal business model as a result of COVID-19.
Only social sector organisations such as charities and social enterprises that have been operating for a minimum of two years and have a turnover of £400k but less than £45m can apply for this fund. Eligible organisations must demonstrate that they have been adversely impacted by COVID-19 and lockdown and have consequently lost income or experienced a delay or disruption to their activities. They must also demonstrate that they have a viable business proposition. The initial size of loan will be between £100,000 and £500,000 and last between 1 to 3 years.