The Flexible Finance Fund is a partnership between Social Investment Business, The Ubele Initiative and Create Equity. It will be providing £4m of funding and support to 15-25 Black and Racially Minoritised charities and social enterprises in England with a material package of funding and support to help them to grow or take on assets and become more resilient
Flexible Finance works through providing a flexible grant and support alongside a loan from the Recovery Loan Fund with the grant being up to 100% of the loan value (grant ranges from 50% to 100% of the loan value and is capped at a maximum of £200k) alongside direct support from Ubele or Create Equity through the funding application process. The loan alongside the grant can range from £50k to £1.5m and be repaid over 1 to 6 years.
The Charles Hayward Foundation fund preventative and early intervention programmes being delivered at the community level which allow older people to stay in their own homes and remain independent.
Asda Foundation have funding available for community groups to provide a safe space for people to meet and be together.
This programme is for small local charities and CICs which are led by and working with people who are experiencing economic inequity because of their race or ethnicity.
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