The Flexible Finance Fund is for established community and social enterprises, to complement Key Fund's 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 5 years.
Any balance at the end of five years then converts into a standard loan, repayable over three years. It is intended to help you keep your cash flow smooth by covering (bridging) gaps plus also provides flexibility to maximise opportunities.
This is part of a wider set of products, designed to help organisations deal with rising costs and inflationary pressures. To access this fund, you will need to have clear social aims/objectives and fit one of the following. descriptions – Not for private profit, asset locked, have clear policies/restrictions around profit distribution.
Fund Offer:
This new fund for groups who distribute food and other essential items for disadvantaged members of the local community will open on 15 July and will be open for 2 weeks.
Small grants are available for local projects, activities and organisations that have charitable aims and that will be of real direct benefit to families.
Prosper are offering unrestricted small grants to charities and not-for-profit organisations. Grants can be used flexibly and can cover core or project costs.
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