GMCVO Social Investment – Early Stage Fund - Proper Good Investment

Aims/priorities: They offer affordable and accessible social investment for social enterprises, community businesses and trading charities, including to new organisations.

They are supporting organisations and businesses that create social impact by trading in Bolton, Stockport, Oldham and Wigan.

• Is your organisation based or working on the ground in Bolton, Stockport, Oldham or Wigan?
• Do you have a building that needs renovating or refurbishing, or do you have plans to purchase or build something?
• Do you want to make your building more energy efficient to help tackle the cost of living crisis?
• Do you have a great idea for a business with social impact?

Who can apply? Click here to visit GMCVO’s website to check your eligibility and apply.

Grant amount: Proper Good Investment offer two strands of funding:

Early Stage Loan Fund

• This investment can be used to support you in the early stages of your growth and trading.

Fund details: 

• You can apply for a loan of up to £30,000.
• Repayable over 1-3 years
• 3-month option of no payments at the start of the investment
• No penalty for early repayments
• No security taken

Buildings Loan Fund

• This investment can be used to purchase a building. We are happy to invest the full amount or partner with another lender. You can also use this investment to renovate or refurbish a building you already own.

Fund details:

• You can apply for up to £350,000 of blended finance (90% loan and 10% grant)
• Repayable over 1-7 years
• 6-month interest only period
• No fee
• No penalty for early repayments
• No security taken

Application process: Click here to visit GMCVO’s website to check your eligibility and apply.

Deadline: Not specified. 

Contact information: Email: gmsocinvest@gmcvo.org.uk Telephone: 0161 277 1007

Website: propergoodinvestment