Social Investment Business has announced that their Resilience and Recovery Loan Fund will close to new applications at 11.59pm on the 31st March 2021. The £25 million fund provides emergency loans of between £100,000 to £1,500,000 with no fees or interest for the first twelve months to social enterprises and charities which are facing financial difficulty and disruption to their trading due to the coronavirus pandemic. The Fund is intended to provide working capital until normal business can resume for organisations that are improving people’s lives across the UK. Loans, which are backed by the Government’s existing Coronavirus Business Interruption Loan Scheme, could be used to cover delays in trade payments, or for business modification to meet increase in service demand. Applicants will be considered on a first come first served basis. Click here
sobus
20 Dawes Road, London, SW6 7EN
Telephone 020 7952 1230
Email info@sobus.org.uk
Registered Charity No.1071089
and Company Limited by Guarantee. Registered in England No.03471416
Sobus is a new Community Development Agency for Hammersmith & Fulham. It has been created through the merger of the Community and Voluntary Sector Association Hammersmith & Fulham (CaVSA) and the Fulham Community Partnership Trust (FCPT). Building on the strengths of both organisations, sobus aims to provide a wider range of support services for local charities, community groups, social enterprises and start up businesses.