Recovery Loan Fund

Deadline 20th May 2022

Loans are available to support UK charities and social enterprises who have been impacted by coronavirus/COVID-19 and need funds to help them to survive, recover and grow.

Loans are available for a term of one to six years in the following sizes:

  • Between £100,000 and £1.5 million.
  • Upwards of £50,000 for BAME-led organisations and those based in Wales and Scotland. (SIB defines BAME-led as having a board or senior management team made up of 51% or more members from BAME backgrounds.)

To be eligible, organisations must:

  • Exist for the benefit of society/environment.
  • Be incorporated and based in the UK, and deliver the majority of their services and social impact in the UK.
  • Be one of the following legal forms:
    • Charitable incorporated organisation registered with the Charity Commission of England and Wales, the Office of the Scottish Charity Regulator and/or the Charity Commissioner for Northern Ireland.
    • Company limited by guarantee registered with the Charity Commission of England and Wales, the Office of the Scottish Regulator and/or Charity Commissioner for Northern Ireland.
    • Community interest company limited by guarantee.
    • Community interest company limited by shares.
    • A registered society (for community benefit) under the Co-operative and Community Benefit Societies Act 2014.
    • Community benefit society under the Co-operative and Community Benefit Societies Act 2014.

For more information, please visit the social Investment business website here.