Funding body: UnLtd
Maximum value: £ 150,000
Application deadline: None specified
The Fund offers ventures:
a blended loan and grant financing package of between £50,000 and £150,000;
an unsecured business loan at an interest rate of 9.5%;
repayable over a maximum of five years;
support from an UnLtd venture support manager; an expert in supporting social ventures to scale.
The level of grant funding is, on average, 15% of the loan amount.
As well as financial support UnLtd can support social ventures to scale in a number of ways, including:
Bespoke support provided by experts. This support will be tailored to specific needs and appropriate to the stage of growth the social venture is at.
Expertise & networks
Access to paid for and pro bono support from specialists. Introductions and access to events to build collaborations with other organisations in the same sector. Access to Hogan Lovells legal support
Who Can Apply
Social ventures that have been established for more than three years, operating and looking to grow their impact within the employment sector in England may apply. The venture should be an incorporated voluntary, community or social enterprise organisation.
UnLtd defines social ventures as operating in the employment sector if they operate within:
School leavers and apprenticeships.
Further Education and Higher Education.
Unemployment and underemployment.
Supporting those distant from the labour market.
How To Apply
Applications are accepted on a rolling basis. There is no deadline.
In order to apply, interested parties should complete an expression of interest. Successful applicants will be invited to complete a full application which will include submission of a financial model.