This week saw the social investors Big Society Capital, Social Investment Business and the Impact Investing Institute offer over £100 million in loans and emergency investment to charities and other social enterprises struggling to deal with the coronavirus crisis. The funds will be available within weeks and excludes any fees or interest payments for twelve months.

It is intended to compliment the government’s £750 million package of support for charities announced last week, which does not cover all organisations who are nonetheless seeing cash flow disrupted by the crisis. It has been enabled by the Department for Digital, Culture, Media and Sport accelerating the release of previously committed dormant bank accounts. The investment group aims to grow the fund with support from other investors over time.

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