New £50,000 fund for social enterprises
Firstport and Social Enterprise Scotland has launched a new Catalyst Fund offering £50,000 loans to support social enterprises to start and scale their businesses.
The Catalyst Fund offers loans using a flexible, revenue-based repayment model. This model enables social enterprises flexibility in their early stages of development and fills a gap in the existing social investment framework.
The Catalyst Fund repayments are based upon a percentage of the trading income earned by the enterprise, aiming to make it more flexible. There is no specific length of term – revenue-based repayments continue until an agreed amount is repaid. This form of repayment means the Catalyst Fund aims to be aligned with the growth of the enterprise, meaning they can prioritise growth and impact.
Revenue-based financing is growing in popularity as an alternative to more traditional mechanisms to help companies grow and the Catalyst Fund is the first to use this model to finance social enterprises in Scotland.
The fund has been made possible by a £15 million investment from the Scottish Government . It aims to complement existing Scottish social enterprise support and funding to build on the current ambition of the sector.
- Family Reunions at Balhousie
- Scottish Government Toolkit - Helping Your Business Open Safely
- Blackadders - This isn’t just any trade mark infringement…
- Scottish Government Coronavirus Update Tuesday 20th April 2021
- Moving to Level 3
- Lockdown restrictions continue to be eased
- Voyager closes £874,000 crowdfunding round 35 days early due to oversubscription
- Perth City Centre Website – how to register your reopening details
- Royal Bank of Scotland Re-Launches Enterprise Programme
- Rally for Growth - Party Leader Events
- Scottish Government Daily Update 13th April 2021
- Charity works – if ever you needed proof - Barnardo’s Works
- China-Britain Business Council - UK-China Consumer Week, 19th - 23rd April
- Aspen Waite reach out to the business world with dedicated radio station
- Temporary Restrictions Fund for Childcare Providers
- SMART SCOTLAND Grant – Applications Open
- Sir Tom Hunter's Economic Report - Backed by 27 Scottish Business Leaders
- Global Travel Taskforce publishes framework for restarting international travel
- Children can lose out if step-parent changes the Will
- Cyber-attacks. What can you do to protect your organisation's personal data?
- Call for Artists - Perthshire Open Studios is back for 2021
- Fairways Look to Help Boost Economy by Launching ‘Build Back Better’ Fund
- Perthshire Chamber calls for “relationship reset” as Holyrood elections approach
- Club 300 Expansion