4th November 2020
Emergency Funding Available – Resilience and Recovery Loan Fund


Social Investment Business (SIB) has announced emergency funding available for UK charities and business enterprises. The Resilience and Recovery Loan Fund (RRLF) has already approved loans and grants totalling £13m to 35 organisations and has another £12m still available.

The RRLF scheme has been set up to make the government Coronavirus Business Interruption Loan Scheme (CBILS) more accessible to charities and social enterprises. It is intended for organisations with a minimum turnover of £400k that are improving people’s lives across the UK who are experiencing disruption to their normal business model as a result of COVID-19. 
Key features are:

  • Funding packages from £100k to £1.5m
  • Loans available from 1 to 5 years
  • Assessed on a case by case basis alongside the loan, grants that are awarded range in size from £40k - £300kand can be 20% to 40% of the loan amount.
  • All loan interest and fees covered by the government for the first 12 months
  • All loans come with a 12-month capital repayment holiday and no early repayment fees
  • Loans up to £250k unsecured, and above that a simple fixed and floating debenture will be taken
  • All purposes considered except refinancing existing debt

The deadline for applications is 5pm on 13th November. Find out more information and apply here.