Resilience and Recovery Loan Fund

The Resilience & Recovery Loan Fund (RRLF) is a new fund for social enterprises and charities who are experiencing disruption to their normal business model as a result of COVID-19. It has been established to make an existing government scheme (the Coronavirus Business Interruption Loan Scheme (CBILS - see below) more easily accessible to charities and social enterprises. It can offer loans of between £100,000 and £1,500,000

It can be used to cover costs until government payments are received, cover delays in trade payments, support rapid scaling to meet an increase in demand or to provide a bridge to cover revenue shortfall for proven and profitable trading or fundraising activity.

Eligible applicants will:

• be a charity or social enterprise (if you’re a Company Limited by Guarantee or a Company Limited by Shares, you must have ‘Social Objects’ in your Articles.)
• have been operating for a minimum of two years.
• have a minimum turnover of £400k.
• have a turnover of less than £45m (whole group – if applicable).
• have more than 50% of income from trading activity (whole group – if applicable). This eligibility criteria does not apply to registered charities and further education colleges.
• trade in the UK and the loan will be used to support trading in the UK.
• be able to confirm that the organisation has been adversely impacted by COVID-19.
• be able to demonstrate that the organisation has a “viable” business proposition.
• be able to demonstrate that the organisation was not an “undertaking in difficulty” as at 31 December 2019.
• be able to confirm that the loan will not be used in an excluded sector.
• be able to demonstrate that outcomes of the product or services provided are specifically relevant to improving people’s lives, even if improving people’s lives is a secondary outcome area of your organisation.

Full details on eligibility are included in the application guidance.

This is a free service.

This fund is for social enterprises and charities that are improving people’s lives.

This is a loan, not a grant, and will need to be paid back. You may be charged interest. You'll find more information about this on our partner’s site.

The deadline to apply is 11.59pm on Wednesday 31 March 2021.

Applicants will be considered on a first come first served basis and the closing date of the fund is subject to constant review.

Visit the Social Investment Business website to download the application guidance and apply.