The first Local Impact Fund

Liverpool City Region Impact Fund

The £2m Liverpool City Region Impact Fund (LCRIF) offers simple finance to charities and social enterprises based in the Liverpool City Region, including Knowsley, Liverpool, Sefton, St Helens and Wirral, helping them to grow and scale up the impact they make in their communities.

The fund offers unsecured loans of between £50,000 - £250,000 with repayment terms up to 5 years and at an interest rate of between 6-12% (typically 5-6%).

Note: The terms will be based upon risk and affordability and will be agreed with the applicant during the application process. There are no arrangement fees or penalties for early repayment.

The loan could be used for many things, including capital to purchase a building, capital for the development and/ or refurbishment of a building, capital to purchase equipment, seed capital to start something new, growth capital to increase the capacity of an organisation.  

The fund is financed by £1 million from the Social Investment Business Foundationís Communitybuilders Fund and £1 million from the European Regional Development Fund (ERDF) 2007-13 programme.

This is a 10 year fund with two waves of investment of up to 5 years. The first wave of investments will be made in 2014-2015 (currently accepting applications). A second wave of investments will be made in 2017-2019 from the returns on the first wave.

At the end of the 10 year period 50% of the remaining funds will constitute a legacy for social enterprises in the Liverpool City Region, which will allow further investments into locally based social enterprises.  

Aim of the fund

The fund aims to support charities and social enterprises in the Liverpool City Region to:

  • Develop, grow and increase their community and economic impact.
  • Develop and expand trading activities so that they can become strong and sustainable and achieve financial sustainability for themselves e.g. enable capital purchase/ refurbishment, support bidding for and winning new contracts and other sales activity.
  • Safeguard existing jobs, support the creation of new jobs and increase organisational turnover.

 To register your interest please complete the Eligibility Checker

Have a question?

Our investment team are at hand to answer any question you might have.

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