supporting, developing and representing community groups,
voluntary organisations, social enterprises and volunteering
  • Third Sector Growth Fund set to launch in Spring 2021

    Created: 06/04/2021

    A new £30 million fund is being established by the Scottish Government to support small businesses within the third sector, helping them to grow as Scotland recovers from the impacts of coronavirus. The fund will be designed to respond to a need for third sector organisations to access loans to help grow and explore new forms of social investment and finance. It will also help support the sector to meet the challenge of the pandemic and to become more sustainable.

    The Third Sector Growth Fund will have three elements:

    • The Social Catalyst fund, which totals £15 million, will help growing organisations which are not able to access finance through standard loans, offering investment which can be repaid based on turnover, rather than growing interest rates. This would suit small businesses and start-ups whose income is variable.
    • The Circular Economy Fund will support activity which builds on sustainability of social enterprises and enables growth through investment loans. Together with The Long Term Third Sector Finance Fund which will offer loans for social enterprises and Third Sector organisations over a period of 18-24 months. a total of £10 million will be available.
    • The Social Impact Venture Portfolio will offer investments of equity into mission-driven businesses, encouraging organisations to adopt a social enterprise model. This is worth £5 million.

    . Further details and how to apply will be published in the Spring. We'll update this item when we receive the information. 

    What now?
    See other news/events in the Funding and Finance category
    Go to the main News page
    Tell us about your own news

Suggest an update/report an error/enquire about this page

News/Events Categories:

FVA news (232 items)
Job Vacancies (2,408 items)
Social Enterprise (73 items)
Funding and Finance (1,376 items)
Training and Learning (1,793 items)
Community Events (2,643 items)
Goods Donations and Services (64 items)
General News (2,705 items)
Volunteering (400 items)
Partnerships Networks and Forums (137 items)

Go to the main News page

Share your news/events

It's free! Tell us about your event, news, training, vacancy etc. by completing a short form and we'll add it to our e-bulletins and website - accessed by thousands of people every month.