A new two year, £4 million Reach Fund from Access – The Foundation for Social Investment will assist charities and social enterprises across England secure the investment they need to grow. The programme is funded through the endowment given to Access by the Government to support charities and social enterprises to be better able to access investment opportunities, and will be delivered by Social Investment Business.
Grants of between £5,000 and £15,000 are being made available until 2018 for charities and social enterprises to implement bespoke investment readiness plans developed by a designated Reach Fund Access Point which may involve:
- Paying external support providers.
- Paying Access Points to deliver specific work.
- Financing organisations to complete work themselves.
The Reach Fund is one of a number of new models Access is testing in order to boost organisations investment readiness which has long been identified as an issue that prevents charities and social enterprises from accessing social investment.
Applicants can register with the Reach Fund at any time but must be referred by an Access Point to apply for a grant.
Further information is available from the Reach fund website.