Aims/priorities: Has your company or organisation been negatively impacted by the Covid-19 crisis and been unable to access suitable or sufficient investment from existing support schemes such as the Coronavirus Business Interruption Loan Scheme (CBILS), the Bounce Back Loan Scheme (BBLS) or SIB’s Resilience and Recovery Loan Fund?
Whether you address social needs, strengthen communities, improve people’s life chances, enhance culture or protect the environment - this opportunity is for you.
Who can apply? Social enterprises, charities, community businesses.
Grant amount: Loan of between £50,000 to £250,000 for a 5-year term. The Emergency Investment loans remain interest and capital free either until your turnover returns to pre Covid-19 levels, or a maximum of two years - whichever is the shorter. Repayments are then made over a maximum period of 3 years and interest charged at 3% in year 1, 6% in year 2 and 9% in year 3 (total maximum term 5 years).
Application process: Eligibility checklist, guidelines and application form available on GMCVO website
Deadline: The application window has been extended and will close on Sunday 16 May 2021.
Website address: www.gmcvo.org.uk/gmsocinvest/emergencyinvestmentfund