Access: The Foundation for Social Investment launched on Friday (20th March) to offer affordable smaller size (up to £150,000), higher risk finance to frontline social enterprises and charities who are new to social investment. This will be via “Social Investment Finance Intermediaries” rather than direct.
There will be a mixture of grant funding from the Big Lottery Fund and loan funding from Big Society Capital, as well as recycling the (now defunct) Futurebuilders loan book. See Civil Society News article or go direct to Access Foundation’s website.
Civil Society News also has a little diverting commentary on the “new” government idea.