Due to the current Coronovirus pandemic, we have taken the difficult decision to close to new applications for the foreseeable future, in order that we can concentrate our limited resources on our current investees. We will regularly review this decision and seek to reopen to applications as soon as can.
Making Enterprise Happen investment packages offers between £61,000 and £500,000 to social enterprises, community organisations and charities. The investment allows them to develop and expand their enterprising activities.
Making Enterprise Happen investments are always part grant and part loan. The split of grant and loan will be negotiated during the assessment process, taking into account the potential social impacts, ability to repay and State Aid regulations (if applicable). Loans are repayable over up to ten years and are charged at a fixed interest rate of base rate (at the time the loan is approved) plus 6%. The rate will be fixed for the life of the loan.
Investments can be used for both revenue and capital costs. Your application must demonstrate that, as a result of our investment, your business will make a difference in the community in which you work, whilst meeting the charitable objects of Resilient Scotland.