Funding news

£60 million social enterprise loan scheme announced - 12 October 2012

The funding is expected to create or safeguard over 8,000 jobs over six years across the country and meet some of the growing demand from small businesses for access to finance and drive investment in often fragmented communities.

The Community Development Finance Association (CDFA) will receive £30 million from the Government’s Regional Growth Fund (RGF) which has been matched with a further £30 million by the Co-operative Bank and Unity Trust Bank to provide lending to small, micro and social enterprises.

The £60 million fund is aimed at providing a source of funding for enterprises that can struggle to access finance from mainstream banks and loan companies.

The RGF is a £2.4 billion fund for boosting the economy and creating jobs, particularly in areas that have relied on the public sector as the main source of employment. It will operate across England until 2015.

More information will be published on this site as it becomes available. For further details see the CDFA website.