Charities have until the 30 September to apply for a share of the £25m Resilience & Recovery Loan Fund.

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 as a result of COVID-19. It has been established to make the Coronavirus Business Interruption Loan Scheme (“CBILS”) easier to access by charities and social enterprises.

For organisations requiring loans and investment, Big Society Capital has worked with social investors and the Department for Digital, Culture, Media and Sport (“DCMS”) to create a £100 million emergency response. The measures include a new £25million Resilience and Recovery Loan Fund, alongside changes to the Community Investment Enterprise Facility (“CIEF”) to allow loans under CBILS and the repurposing of up to £50 million of existing capital. So far RRLF has approved funding of almost £10millon to 25 charities and social enterprises, this includes grant funding of almost £0.5m of grant funding. This leaves a further £15m to be applied for from the RRLF fund. The RRLF is being operated by Social Investment Business (“SIB”) and is working with experienced social investor partners on delivery of the fund.

The Resilience and Recovery Loan Fund enables social lenders to provide emergency loans to social enterprises and charities who are experiencing disruption as a result of COVID-19. Loans can be used to provide working capital until normal business resumes, cover delays in trade payments, or meet the increased demand for services, without requiring personal guarantees and charging no fees or interest for 12 months.

£4m worth of grant funding has also been made available to be used alongside the Resilience and Recovery Loan Fund to support charities and social enterprises based in and delivering most of their impact in England. Those applying for loans under the “RRLF” might be eligible for part of the total amount approved to be provided as a grant, reducing the amount repayable. Please see section 6 below for further information.

Applications for the RRLF close on 30 September and information on criteria and how to apply is available on SIB’s site.

If you have any questions or queries regarding the above please contact us at