The £2m pilot Liverpool City Region Impact Fund, launched in January 2014, offers unsecured loans of £50,000 – £250,000 to charities and social enterprises based in the Liverpool City Region. The aim of the fund is to help them grow and scale up the impact they make in their communities.
The fund is financed by £1 million from Social Investment Business and £1 million from the European Regional Development Fund (ERDF) 2007-13 programme.
This report tells the story of the first wave of investments. From January 2014 to June 2016, we invested £1.25m into eight charities and social enterprises. Theseinvestments have helped organisations across the Liverpool City Region working on areas including employment & training, the arts and urban development.
Unfortunately, we were not able to invest all of the money during the first wave. There were several reasons for this including the unexpected closure of our local partner, restrictions on how ERDF money could be invested and the timeframe in which we had to invest the fund.
For more informaiton about the fund please download the report: SIB LIF Report