The Royal Bank of Scotland has announced that it has £10million available to provide extra Community Business Loans to organisations that find it difficult to access mainstream finance. This new investment into the bank’s social finance charity, formerly known as the RBS Micro Finance Funds, coincides with a name change to RBS Social & Community Capital (S&CC).
Social enterprises, charities, community interest companies and co-operatives can access loan funding from £30,000 up to £1 million for sustainable projects that deliver real social value. Community Development Finance Institutions that provide finance direct to smaller organisations and social enterprises can also apply.
There is no deadline and applications for loan funding are open all year round.
Please visit their website for further information.
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