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.