Community organisations (charities and social enterprises) based in England that are looking to take on their first loan to help them grow and become more sustainable can apply for funding through the First Steps Enterprise Fund.
This is a £300,000 pilot programme offering loan-grant packages of up to £30,000 (90% loan: 10% grant) to small community-led organisations. Particular preference is given to organisations that work in the following areas: Older people, Health and wellbeing, Employment for young people.
Community organisations wanting to access the fund should submit an online Expression of Interest form. There is a rolling deadline; Expression of Interest Forms can be submitted at any time.