Social enterprises set to get piece of £4m fund
Social enterprises and charities from across the North West are being encouraged to apply for investment from a £4m fund.
The ‘Invest for Impact’ fund is dedicated to creating long-lasting social impact in communities around the region by offering finance between £50,000 and £150,000 in the form of grants and loans.
The funding can be obtained through First Ark Social Investment, which works with social organisations by supporting them through the application process.
The Knowsley, Merseyside-based business has already approved more than £1.4m with a broad range of charities.
First Ark Social Investment is also an approved Access Point for the Reach Fund which provides smaller grants of up to £15,000.
First Ark Social Investment have a team of financial services professionals to assist organisations looking for funding, advising them on the best finance solutions to suit their needs and maximising their chances of a successful application.
First Ark Social Investment have now issued a call for more applications from charities and social enterprises across the North West.
First Ark group head of investments Hannah Jones said: “The North West social economy has gone from strength to strength over the last 12 months and we’re already starting to see our social investments deliver positive change in communities across the region.
“We are really pleased with the work that we have done over the last year, however, we are always looking to do more and that’s why we are asking charities and social enterprises to speak to us about their financing needs.
“Our priority is to develop skills and enable communities to become more sustainable and we’re keen speak to anyone who wants to build a better future for their community.”