Big Issue Invest, the social investment arm of The Big Issue Group, has launched a new investment programme called Impact Loans England. This programme is designed to help social enterprises and charities which might previously have struggled to access small to medium-sized loans.
Impact Loans England is a new £5 million lending scheme aimed at enabling social enterprises and charities to access loan funding of between £20,000 and £150,000. The programme is funded by Access – The Foundation for Social Investment, with finance provided by Big Lottery Fund and Big Society Capital.
Impact Loans England is looking to support social enterprises and charities that want to raise social investment of between £20,000 and £150,000. The organisations looking for this kind of investment are typically early stage and smaller social enterprises. The fund tends not to support start-ups and particularly targets organisations with a trading history of at least one year. Impact Loans England is only available in England.
The fund plans to deliver a deal a week for the first six months after launch and applications are now open.
A Twitter Q&A with @BigIssueInvest will be held in February, using the tag #ADealAWeek. You can apply online or email questions and expressions of interest to the loans team — send mail.