The £3m Sporting Capital Fund offers loan funding of between £50,000 and £150,000 to eligible organisations. The investment is a simple, repayable, unsecured loan.
The funder expects to make loans to around 30 projects from now until June 2020. Annual interest and a one-off lending fee apply. Investment will be focused on helping organisations to become more sustainable through developing new, and scaling existing, revenue streams.
Sporting Capital has been formed through a partnership between Sporting Assets and the Access Foundation and is funded through the Big Lottery Fund and Big Society Capital.
Loans can only be made to incorporated organisations with a social purpose and asset lock, for example Companies Ltd by Guarantee with charitable status, Charitable Incorporated Organisations, Community Benefit Societies and Community Interest Companies.
More information: https://www.sportingcapital.org.uk/