Resillience and Recovery Loan Fund for charities and social enterprises
COVID-19 Loan Fund expanded & improved
The Resilience & Recovery Loan Fund (RRLF) is a fund for social enterprises and charities that are improving people’s lives across the UK who are experiencing disruption to their normal business model as a result of COVID-19. It has been established to make an existing government scheme (the Coronavirus Business Interruption Loan Scheme more easily accessible to charities and social enterprises.
- Maximum loan amount now £1.5m (minimum still £100k)
- Interest-free & fee-free for the first 12 months
- Faster than applying for a standard loan.
Information about the loans, together with links to other possible sources of funding which may be more appropriate, is given by Charity Bank, one of the delivery partners, here.