|
CDFA Finance Directory
The CDFA is the trade association for Community Development Finance Institutions (CDFIs). CDFIs are sustainable, independent financial institutions that provide capital and support to enable individuals or organisations to develop and create wealth in disadvantaged communities or under-served markets. To search the CDFA directory go to: http://www.cdfa.org.uk/cmdirec.php
SETAS Listing of Funding Resources
UK wide list of funding resources for Social Enterprise:
http://www.setas.co.uk/funding_list.asp
The New Economics Foundation (NEF) recently compiled a list of finance providers for Social Enterprise in the Yorkshire and Humber Region on the basis of geographic coverage, type of finance and terms, purpose of funding and the level of risk a provider is generally open to.
|
Name
|
Target Clients
|
Products
|
Interest Rates
|
Terms
|
Area of Operation
|
|
Charity Bank
|
SE & Charity
|
Loans, stand-by facilities and guarentees
|
6%PA + Fee
|
Short, medium & long term. No penaly for early repayment. Charge 1% flat fee w flexibility
|
National
|
|
Co-operative Bank
|
Mainstream SE & Charity
|
Loans, Current A/C, Deposit A/C & Bank Services
|
4%-6% over base
|
Short to medium term loans 1-7 years.
|
National
|
|
Triodos Bank
|
SE, Charity and ethical businesses
|
Loans, Current A/C, Deposit A/C & Bank Services
|
1.75% over base + fee
|
Short/medium term up to 10 years. Long term up to 25 years
|
National
|
|
Unity Trust
|
Trade Union, SE, Charity, Voluntary, Credit Union
|
Loans, Current A/C, Deposit A/C & Bank Services
|
Negotiated. On average 2% over base.
|
Negotiable. 5, 10, 15, 20 years.
|
National
|
|
Adventure Capital
|
Community Organisations
|
Patient Loans and Grants
|
1%-2% PA
|
Negotiated, typically long term. Security or other acceptable collateral.
|
National
|
|
Co-operative & Community Finance
|
SE, Charity & Ethical Businesses
|
Multi-purpose loans
|
3%-6% over base
|
Short-Medium up to 10 years. Security when possible.
|
National
|
|
Local Investment Fund
|
SE & Community Organisations
|
Loans
|
NA
|
NA
|
National
|
|
Futurebuilders
|
Community or voluntary organisations delivering public services
|
Investment package: loans, investments & grants
|
Negotiated. On average 2% over base.
|
Short/Medium to long term. No penalties for early repayment
|
National
|
|
Venturesome
|
SE & Charities
|
Loans, underwriting equity.
|
Negotiated. On average 4%-6%.
|
Flexible, generally short to medium term.
|
National
|
|
Partnership Investment Finance
|
Commercial SME's & SE
|
Loans, Mezzanine Finance & Equity
|
Euro Base Rate + Fee
|
Medium Term
|
Regional
|
|
Key Fund Yorkshire
|
SE, Community & Voluntary Organisations
|
Grant and Loan packages & Equity Investment
|
6.5% fixed. Equity Investment - 8% minimum target.
|
Medium Term. Repayment holiday possible.
|
Regional
|
|
South Yorkshire Investment Fund
|
Commercial SME's & SE
|
Loans & Equity Packages
|
4%-8% over base
|
Medium Term (1-5 years). No early repayment penalties. Interest rebate possible w/mentor scheme.
|
Sub-Regional
|
|
West Yorkshire Enterprise Agency
|
Commerical SME's & SE
|
Loans
|
9% fixed to £10k. Additional 0.05% for every £5k.
|
Short Term
|
Sub-Regional
|
|
Business Enterprise Fund
|
Commerical SME's & SE
|
Loans
|
14% over base
|
Medium Term (max 5 years)
|
West Yorkshire & North Yorkshire
|
|
Goole Development Trust
|
Commercial SME's & SE
|
Microloans
|
3.5% over base
|
3 years with 6 month capital and interest payment holiday and no penalty for early redemption
|
Local
|
|
Bees Knees Fund
|
Commercial SME's & SE
|
Microloans
|
3.5% over base
|
3 years with 6 month capital and interest payment holiday and no penalty for early redemption
|
Local
|
Data compiled by New Economics Foundation
In a recent exercise to assess the provision of loan finance available for the Social Enterprise sector in the region, NEF classified providers according to the level of risk they taken Social enterprise lending:
• Low Risk, where the fund invests in lower risk, clearly bankable deals, typically on commercial terms and typically on commercial terms and typically secured.
• Medium Risk, where the fund invests in more risky propositions that are just sub-prime near bankable, sometimes without security.
• High Risk, where the fund invests in riskier propositions, typically not bankable and does so either at concessionary rates (Adventure Capital Fund) or higher rates of return that kick in if the project does better than expected.
|
Loans
|
|
|
Up to £10/15K
|
£10/15K to £25K
|
£20/25K to £50K £50K to £125/150K
|
£125K to £250K
|
£250K to £400K
|
above £400K
|
|
Low Risk
|
Partnership Investment Fund (£0)
|
|
| |
South Yorkshire Investment Fund (£150K) |
|
| |
Cooperative Bank (N/A) |
| |
Triodos Bank and Unity Trust Bank (N/A) |
|
Medium Risk
|
|
Charity Bank (N/A)
|
|
| |
Cooperative and Community Finance (£2m)
|
|
|
High Risk
|
Business Enterprise Fund (£60K)
|
Venturesome (2 loans)
|
|
|
Goole (£20K), Bees Knees (£20K)
|
|
Adventure Capital Fund (£690K) |
|
Key Fund Yorkshire (£100k)
|
Local Investment Fund (£150K) |
|
|
West Yorkshire Social Enterprise Link (£15K)
|
|
Futurebuilders (£2.6m) |
| West Yorkshire Enterprise Agency (£441K) |
|
|
Increase
Decrease
Reset
