Flexible Finance for England’s Black and Racially Minoritised Led Charities/Social Enterprises

The Flexible Finance Fund recently received a £2 million boost from Access-the Foundation for Social Investment, enabling it to support more Black and Racially Minority led charities and social enterprises who are working to improve people’s lives or the environment they live in.

Black and Racially Minoritised-led, legally constituted registered charities or social enterprises operating for at least two years with a minimum turnover of £200,000 in the last financial year may apply for a blended loan and grant:

• Loans are £50,000 to £1.5 million with a term of one to six years.
• Unrestricted grants of £50,000 to £200,000 (ranges from 50% to 100% of the loan amount capped at £200,000).

Funding can be used for anything that benefits the community the organisation operates in. It is an unrestricted fund, so, for example, the funding could be used to take on more staff, undertake building work or increase capacity through new projects.

The Black and Racially Minoritised grouping covers everyone outside the category ‘White British’. This includes people identifying as Asian / Asian British; Black / African / Caribbean / Black British; White Irish or Gypsy, Traveller or Irish Traveller; mixed or multiple ethnic groups; Arab or Latinx; or any other ‘non-White’ British category.

Groups can receive pre and post application support from the Ubele Initiative and Create Equity, including support writing the application and working with organisations to gather information needed before Investment Committee.

There are no deadlines. Applications can be made at any time.

Further details can be found here: Flexible Finance | Funding | Social Investment Business

Funding | Social Investment Business