Join us to learn more about the Recovery Loan Fund and the additional grants and support being made available to Black and Minoritised Ethnic led organisations.
At the session you will:
Hear from the Ubele Initiative about the additional grants and support available to BAME led organisations accessing the Recovery loan Fund
Be introduced to the Recovery Loan Fund and application process by the Social Investment Business
Hear from the leader of an organisation that has been successful in securing loan and grant funding through the Recovery Loan Fund
Have the opportunity to ask questions about the funding, support available and the application process
The Recovery Loan Fund supports organisations that are improving people’s lives, or the environment they live in.
The Ubele Initiative’s partnership with the Social Investment Business (SIB) and Access – the Foundation for Social Investment is making loans more accessible for charities and social enterprises led by people from Black and Minoritised Ethnic (BAME) communities.
In addition to a loan, BAME led organisations accessing the Recovery loan Fund will receive: Personalised support to apply to the Recovery Loan Fund
Unrestricted grants of up to 100% of the loan value (capped at £200k)
Bespoke business support once finance has been secured
To be eligible to apply for the Recovery Loan Fund and receive additional support as a BAME led organisation, the following criteria apply:
Charity or social enterprise
At least 51% of Board and Senior Leadership Team from BAME communities
Above £200k turnover
Applying for a loan of between £50k and £1.5m
Operating for more than 2 years
Operating in England
More information on the Recovery Loan Fund for BAME led organisations here