Flexible Finance Fund

The Flexible Finance Fund is for established community and social enterprises, to complement our existing blended funds. This is a revolving facility, available up to £150,000 that can be drawn and repaid flexibly as needed, for an initial period of up to 2 years.

Any balance at the end of two years then converts into a standard loan, repayable over five years. It is intended to help you keep your cash flow smooth by covering cashflow gaps and provide flexibility to maximise opportunities.

Eligibility:

• Must be an incorporated business.
• Must have clear social aims and objectives, and fit one of the following descriptions: Not for private profit; asset locked; have clear policies or restrictions around profit distribution (e.g. BenCom)
• Must be based/or operate substantially within our area of operation.
• Must be an SME – less than 250 employees, t/o less than E50m, net worth less than E43m.
• Must have been substantially trading for over 3 years (over 50%).