Big Society Capital loans
Charities and, social enterprises in disadvantaged areas facing financial hardship and disruption to their trading due to the coronavirus will be able to apply for emergency funding from a £100 million programme of loans and investment.
The emergency package is made up of a £25 million Resilience and Recovery Loan Fund to provide emergency loans with no fees or interest for the first twelve months; £29 million for smaller, emergency loans to small businesses in more deprived areas; and up to a further £50 million over the coming months for existing and future investments as needed.
Applications to the Resilience and Recovery Loan Fund are expected to open in mid-April, with the first loans completed by the start of May.
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