Northern Impact Fund 2

Providing finance to support the development or growth of trading activity, including cash-flow, working capital, and asset development or purchase.

The organisations must have clear social aims and objectives, and fit one of the following description – Not for private profit, asset locked, have clear policies/restrictions around profit distribution.

Fund Offer:

• Investment from £5,000 to £150,000
• Term 1 -5 years.
• 3 product options as follows:
• Product 1 – up to 30% of the loan amount as grant, interest rate at 6.5%, arrangement fee of 1%
• Product 2 – up to 18% of the loan amount as grant, interest rate at 4%, arrangement fee of 1%
• Product 3 – Shariah compliant with no interest, arrangement fee of 3.5%