LAST UPDATED 9th JUNE
The most up to date resources on accessing finance and other financial issues which social enterprises may face in the coming months
Latest SEUK briefing
We published this guide on 19 March which runs through what support is out there which will help the social enterprise community at this time from accessing loans through the COVID-19 Business Interruption Loan Scheme to business rates relief.
We are working with experts from the social enterprise and finance communities to put together webinars looking at issues around finance and supporting social enterprises through the coming months. These will be available for free on this page.
27 APRIL: SOCIAL INVESTMENT BUSINESS ON NEW FUNDING SCHEME– Nick Temple CEO at the Social Investment Business ran through how the new the Resilience and Recovery Loan Fund, administered by SIB, will work for social enterprises. He was joined by SEUK’s Andrew O’Brien who gave an overview of the current state of government funding for our sector. You can find out more about the fund on the SIB website. Andrew’s slides can be accessed here.
25 MARCH: FINANCIAL SUPPORT DURING THE PANDEMIC – Ian Workman, Managing Director and Head SME at Barclays looks at the financial support available for social enterprises including more information on the Coronavirus Business Interruption Loan Scheme
Guides and resources
Twine Benchmark – For community businesses to assess their financial health and react to Covid-19 by forecasting the potential effects of new business plans.
It is uniquely powered by financial data from 650+ community businesses, gathered over 5 years, making it easier to understand how your community business compares to others in the market. It will help you to understand where you can cut costs and use the data to make the case to funders, test new business plans and forecast the results.
Enterprise Relief Fund – The Prince’s Trust and NatWest have created a £5m fund specifically for young people aged 18-30 who have set up a business and are struggling at this time.
Global and UK support page from Pioneers Post – Social enterprise news site, Pioneers Post have put together a great list of the finance that is available for organisations worldwide and in the UK. It covers grants, loans and other types of funding,
Funding Programmes to support Local Organisations – Grants Online have compiled a list of area specific funds to help organisations through this time.
Good Finance Resource Hub – The team at Good Finance has put together this great resource hub designed to support social enterprises and charities with funding and investment guidance. It also contains a statement from social investors, the key message being that if you have taken on investment from a social investor and need support or flexibility, get in touch with them