The Lincolnshire Community Foundation is pleased to announce that we have been confirmed as an Access Point for the Reach Fund.
What is the Reach Fund?
The Reach Fund is a two year, £4m investment programme, funded by the Access Foundation, managed by “Social Investment Business”. It helps charities and social enterprises raise finance.
What does the Reach Fund offer?
The Reach Fund will offer small grants to charities and social enterprises who are looking to access finance from one of our approved social investors. The grant will be used to help them develop a business case, close a deal or secure an investment.
What is an Access Point?
Access Points are social intermediaries and social facilitators approved by the Reach Fund to refer charities and social enterprises to the programme. If approved, these charities and social enterprises can apply for grants to help them secure investment.
How do you apply?
If, after an initial contact, we think you will benefit from business support, then we can refer you to the Reach Fund. We will work with you to identify your needs, develop an investment readiness plan, and apply for a grant.
What is investment readiness?
Investment readiness describes whether or not a charity or social enterprise is ‘ready’ for investment. Getting investment ready often involves specialist business development work to prepare for investment.Gordon Hunter, CEO at Lincolnshire Community Foundation says:
“This is a big step forward for Lincolnshire, where investment in charities and community businesses has been sparse.With the Reach Fund pipeline we can build on our role as the County’s leading independent grant-maker and our track-record of helping charities and social enterprises to develop, thrive and become self-sustaining.We partner co-funders (grant and loan) to support impact bonds, outcomes-based commissioning and preventive service design. Besides health and wellbeing, our themes include regeneration, construction, “green” outputs and heritage, across Humberside, the East Midlands and beyond. We can advise on structure, business plans, marketing, impact & evaluation, funding strategies (including social investment tax relief, community shares and social impact bonds) and much more.”