Posted on: July 13, 2023
The Thrive Together Fund (TTF) provides a funding package of loan (75%) and grant (25%) to eligible charities and social enterprises in England.
The Fund is delivered by a partnership made up of Social Investment Business, Co-operative and Community Finance, Fredericks Foundation, Groundwork, Homeless Link and The Architectural Heritage Fund.
Join us for an introductory webinar about the Thrive Together Fund at 11am on Wednesday 19th July 2023.
Small and medium sized charities and social enterprises based in and delivering impact in England, who are looking to grow or diversify their business models.
* Must be registered as a Charity, Community Interest Company or Community Benefit Society. If registered as any other legal entity, it must have a social object, asset lock and restriction on profit distribution (must distribute less than 50% of post-tax profits) written into its governing documents.
| Product | Blend of loan (75%) and grant (25%) | |
| Amount | £25k – £150k (inclusive of 25% grant) | |
| Repayment Term | 1 – 6 years (inclusive of any capital repayment holiday) | |
| Interest Rate | 7.5% fixed per annum | |
| Arrangement Fee | 2% on loan value (added to loan balance) | |
| Repayment |
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| Security | Unsecured | |
| Purpose | Any, including refinancing of existing debt | |
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