Kent Community Foundation reminds charities and community groups, who have been affected by the pandemic, about their social loans, which can help bridge gaps in income and enable improvements and expansion
Kent Community Foundation recognises how difficult it is for charitable organisations across Kent and Medway, who are experiencing a surge in demand for their services, at a time when most fundraising activity to cover core costs is still on hold and a cautious return to events, even with the most optimistic of predictions, is not expected until later this year,
James Horne, Investment Fund Manager, Kent Community Foundation, said, “Kent Community Foundation is keen to support charitable organisations in Kent and Medway and is inviting applications to our Kent Social Enterprise Loan Fund for a blended loan and grant of between £10,000 and £100,000. We know how badly the pandemic has affected charities across the county and our unsecured social loans could help them fill income gaps and help them to move forward. This social enterprise loan might be the difference between surviving and being able to look at a future with growth and development.”
With ambitions to deliver new services and build on the quality of their existing provision, Romney Resource Centre applied to Kent Community Foundation for a social enterprise loan. They were successful and received a blended loan and grant totalling £75,000, to support their two-year business plan and see the organisation’s focus expand from financial stabilisation to growth and progress.
Chris Pollard, CEO, Romney Resource Centre, commented, “The difference in what we have been able to achieve is in no small part because of the investment from Kent Community Foundation. The blended loan and grant have allowed our development and delivery teams to work together to create new, sustainable and evidenced based services, including the planned Kent SEND Centre that will offer support and advice to parents of children and young people with a special educational need or disability, and which we hope to open later in 2021.”
Social enterprises who are interested in applying for a loan, should visit www.kentcf.org.uk/apply/apply-for-a-loan or call James Horne, Kent Community Foundation Investment Fund Manager, on 01303 814 500.