The Reach Fund helps charities and social enterprises raise investment. The programme offers grants on average between £5,000 and £15,000. The grant is aimed at helping these organisations provide the final information that investors need before they can invest.
You can only apply for a grant through this programme following a referral from an Access Point. Access Points are social investors approved by the Reach Fund who refer organisations they are working with to apply for grants.
You are eligible if your charity or social enterprise:
- Is close to raising repayable finance for a specific purpose
- Has a social investor who has indicated there is information missing that is preventing them from making an investment offer
- Is looking to raise repayable financing in the next 6 –12 months (from the point of application)
- Has a specific investment goal, the Reach Fund is unlikely to be able to support with general capacity building
- Has a clear social mission
- Distributes less than 50% of post-tax profits and reinvests at least 51% of surpluses into pursuing its social mission
- Has a constitutional or contractual lock on its social mission, dividend and surplus distribution policy (also known as an asset lock)
- Organisations must also have good governance, and a minimum of 2 independent Directors; the funds cannot support sole traders.
The fund offers:
- Product Grant
- Amount £5k to £15k
- Purpose To help charities and social enterprises raise investment
If you have already been referred by an Access Point, you can start their application form.
If you haven’t been referred, then please have a look at the Directory of Access Points.
You can then register your interest and once your registration has been approved, you can apply.