Fund title: Forward Enterprise Fund

Focus of fund/fund aims:

Support for enterprises and charities run by, or creating employment opportunities for, ex-offenders and people in recovery from addiction

Application deadline:

Applications can be submitted at any time

Fund description:

The Forward Enterprise Fund is a pioneering initiative providing loans and business support to charities and enterprises that help break the cycle of crime or addiction through employment. The fund is a partnership between Social Investment Business, one of the UK’s largest social investors and The Forward Trust, a leading rehabilitation social business.

Eligible applicants can benefit from a tailored mix of support to help grow their business, including:

  • access to unsecured loans for between £25,000 – £150,000 split 85% loan/ 15% grant, for up to a five-year term. The typical interest rate on the re-payable part is 7.5%.
  • up to ten days of specialist business support
  • match funding of up to £5,000 for start-up businesses raising money through a campaign on Crowdfunder

Further information:

http://www.forwardenterprise.org.uk/