We are helping to roll out a major new initiative to support charities and social enterprises to access the investment they need to grow and diversify their income streams.
Co-operative & Community Finance is one of just 10 organisations in the UK to be approved as an Access Point for the two-year, £4m Reach Fund which will provide grants to organisations that need specific support to be able to take on a loan. The initiative, funded by Access – The Foundation for Social Investment and managed by Social Investment Business, is designed to test a new model of investment readiness support.
As an Access Point Co-operative & Community Finance will be able to identify and support charities and social enterprises that may be eligible for grant funding to get them ready for investment. Grants of up to £15,000 will be available. For more about the Reach Fund visit www.reachfund.org.uk
Access – The Foundation for Social Investment was launched in early 2015 to bridge the gap between charities and social enterprises and social investors, to help make social investment easier to find and more relevant for those charities and social enterprises. Access is funded by the Cabinet Office, the Big Lottery Fund and Big Society Capital.