A combination of grants and loans are available to support charities and social enterprises in expanding their activities to meet rising demand from the cost-of-living crisis in the following areas of the West Midlands:
- Coventry
- Warwickshire
- Birmingham
- Solihull
- Sandwell
- Dudley
- Wolverhampton
- Walsall
- Worcestershire
- Staffordshire
The total fund value is £500,000 and there are two types of funding are available:
- Grants of between £5,000 and £7,500.
- Blended finance payments (combined loan and grant) of between £20,000 to £40,000. Grants can make up to 50% of the total blended finance payment.
The repayment term for loans is 60 months and there is an arrangement fee of 5% of the loan value. The annual interest rate for loans is 9.75% (fixed).
Organizations must be providing one or more of the following critical services:
- Food and emergency supplies (e.g., food and baby banks or the provision of hot meals, clothes, or toiletries).
- Emergency shelter (e.g., night shelters or other accommodation for people experiencing homelessness).
- Safe spaces (e.g., domestic abuse services and youth services).
- Warmth – warm rooms and spaces.
- Financial and housing advice – giving people advice because of the increased cost of living.
Applicants should complete the Enquiry form on the Coventry and Warwickshire Reinvestment Trust website to initiate the application process.
https://www.cwrt.uk.com/access-programme
Tel: 02476 551 777
