Access and Connect Fund: Flexible Finance for the Recovery

Access, the foundation for social investment has received £30m of dormant account money to provide grant to blend into social investment vehicles to support the charities and social enterprises impacted by Covid-19. They are keen to hear from organisations who feel they can help address what they see as the key challenges and hear early stage ideas from potential applicants for the grant.

The grant needs to be used to support charities and social enterprises that have been impacted by the Covid-19 crisis to get back on track and rebuild their business model/income generation/impact as the economy begins to recover, with the goal of supporting those organisations to be more financially resilient.

The grant needs to be blended with repayable finance (either in investment vehicles/funds and/or in deals with charities and social enterprises) but will not come ready packaged with the repayable finance.

The products which fund managers develop with this blend should fill gaps in the supply of the sort of finance which charities and social enterprises need to re-establish their enterprise activity and income generation as part of the recovery.

The result of this should be that more charities and social enterprises are able to use repayable finance as part of their journey to resilience and therefore the reach of social investment is extended.

Engaging all parts of the charity and social enterprise sector

Beyond getting the product right, they want to understand what are the barriers which are preventing the breadth of the charity and social enterprise sector from being able to access the finance they need?

They would like to hear from anyone who feels they have particular plans, perspective, knowledge base or potential solutions that may help us design our programme well.

To be part of this process, you can submit a response, or find more details.