GMCVO have launched a new social investment fund at a bustling event at St Thomas Centre on July 11th. The event was held in collaboration with Greater Manchester Social Enterprise Network (GMSEN) and included sessions and workshops from network members and a speech from Eamonn Boylan, Chief Executive at Greater Manchester Combined Authority.
The GM Social Investment fund provides affordable and accessible loan finance to small social enterprises and charities that trade. The loans are designed to help organisations grow and to grow their social impact. It is aimed at organisations who address social needs, strengthen communities, improve people’s life chances, enhance culture or protect the environment.
The programme is offered through the Growth Fund, which is delivered by Access, the Foundation for Social Investment, and blends grants from Big Lottery Fund and loans from Big Society Capital. GMCVO is also a Reach Fund Access Point so applicants to the GM Social Investment Fund can now apply for investment readiness grants to help them secure a loan.
Gary Millar, GMCVO’s new Investment Manager, said: “We are looking to invest in charities and social enterprises within Greater Manchester with up to £50,000 of flexible unsecured finance by combining grants with loans into a simple product to help organisations grow their great ideas.”
GMCVO would like to hear from any organisation with social impact – including new organisations - who may be looking for a loan.
Get in touch for further information and to complete an enquiry form.