Recovery Loan Fund

Tuesday 12 May 2020

The Resilience and Recovery Loan Fund (RRLF) for Charities & Social Enterprises is a new emergency loan fund which will provide repayable finance to charities and social enterprises who are experiencing disruption as a result of COVID-19 and is intended for such organisations who have an otherwise viable business model. It has been established to make the Government’s existing Coronavirus Business Interruption Loan Scheme (CBILS) more easily accessible to these entities.

Information on eligability and key features of the loan are set out below with the aim that the process should take 2-4 weeks from start to finish.

Click Here to apply.


This Fund is only for UK charities and social enterprises which fulfil the eligibility criteria of both the Fund and CBILS – the full list of eligibility criteria can be found on the SIB website and includes:

  • registered charities, community interest companies, community benefit societies – in line with Big Society Capital governance principles.
  • have a minimum turnover of £400k.
  • have been trading for a minimum of two years.

CBILS eligibility that applies to the fund includes that organisations must:

  • be UK-based.
  • have a turnover of less than £45m (whole group).
  • have a minimum 50% of income from trading (registered charities and further education colleges are exempt from this requirement).
  • self-certify they have been adversely affected by COVID-19.

Key features of the product include:

  • initially loans will be for between £100k and £500k.
  • these loans will be interest-free and fee-free to the customer for the first 12 months (in line with CBILS).
  • the loan term will be a minimum of 1 year and a maximum of 3 years.
  • interest will be charged at 6.5% per annum for years 2 and 3 (after principal payments start).

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