Fund title: Access Foundation
Focus of fund/fund aims:
To help charities and social enterprises to access social investment
Access is a new foundation which has been set up to help charities and social enterprises prepare for social investment. Access is establishing two new programmes to do this:
Growth Fund – a blend of grants and loans for charities and social enterprises, delivered through a range of intermediaries, to help them develop their business model and improve their social impact
Capacity Building – support for social-sector organisations so that they are able to attract investment and are ready to meet the needs of investors
Access will not be providing direct financial support to frontline organisations but aims to select a range of partner organisations: social investment finance intermediaries (SIFIs) to deliver the Growth Fund; and grant administrators to provide the capacity building programmes.
SIFIs are now able to submit expressions of interest to deliver the Growth Fund: once they are appointed, charities and social enterprises will be able to apply for support.
Grant administrators will be invited to tender for contracts to deliver capacity building later in the year.
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