Liverpool City Region Impact Fund

What is the fund?LCRIF

The Liverpool City Regional Fund (LCRIF) provides repayable finance to charities and social enterprises in the Liverpool City Region (LCR) to help them to increase their economic and social impact.

The fund will make two waves of investment. Eight investments were made under wave one (2014-16) and we are now looking to make the second wave of investments from the returns on the first wave. Once wave two investments are repaid, the remaining funds will create a legacy for social enterprises in the North West.

The fund has c. £475,000 to invest by March 2020 and a further £153,000 to invest by May 2021. We are currently loERDFoking to make 2-3 investments.

The fund is financed by the European Regional Development Fund (ERDF) 2007-13 programme and the SIB Foundation. 

Who is it for?

Charities and social enterprises based in the Liverpool City Region: i.e. Knowsley, Liverpool, Sefton, St Helens and Wirral.

What can I apply for?

The fund offers:

  • Unsecured loans of between £150,000 - £250,000 with repayment terms up to 10 years and competitive interest rates, ranging from 3-8%, based on risk and affordability.
  • No hidden fees
  • Holiday repayment periods of up to 12 months
  • In wave 2, we are looking to make 2-3 further local investments in local charities or social enterprises delivering economic and social impact in the Liverpool City Region, to support viable plans for growth or delivery of enterprise activity.
  • Repaid funds constitute a legacy for the North West.

Am I eligible?

Charities and social enterprise applying to the fund must:

  1. Require a loan and be able to repay the loan within a maximum of 10 years and at an interest rate of between 3-8% (terms to be negotiated at assessment stage and will be based on risk and affordability for the applicant).
  2. Have its principal place of business or a material part of its operations, people or trading based in the LCR i.e. Knowsley, Liverpool, Sefton, St Helens and Wirral.
  3. Be legally constituted and a registered charity or social enterprise, primarily constituted for social benefit.
  4. Be economically viable and not in financial difficulty i.e. not subject to collective insolvency proceedings.
  5. Not operate within any of the “excluded sectors”.
  6. Not use the loan to pay for any of the “ineligible items”.
  7. Be able to demonstrate the proposal they are seeking investment for is “un-bankable” i.e. unable to secure the finance through mainstream/ commercial investors/lenders (a letter from a bank will be requested at Stage 3: Application).
  8. Be able to demonstrate that the investment is not being used to replace funding already earmarked by existing agencies and authorities (the investment must bring added value over domestic funding), and the project would not take place in the same form without the investment.
  9. Be able to demonstrate the organisation is planning or already engaged in income generating activities with the aim of developing robust income streams to produce sufficient surpluses to repay the loan, and become more financially sustainable and independent (a viable business plan linked to the utilisation of the loan will be requested).
  10. Be able to demonstrate that the investment will directly help improve their organisations performance (e.g. increase organisations turnover), substantially contribute to the economic growth of the LCR (e.g. safeguarding existing jobs, supporting the creation of new jobs), and delivers activity that benefits their community and delivers social value.
  11. Be able to demonstrate all outputs, results and impacts delivered as a result of the investments will be delivered in and impact upon the LCR.
  12. Have in place appropriate environmental, health and safety, equal opportunities and disability policies/ statements (copies of policies will be requested).
  13. Meet the positive characteristics we are looking for in an application listed in the guidance. 

How do I apply?

First read the LCRIF Guidelines to make sure the fund is suitable for your organisation and the proposal you have in mind.

Once you’ve read the Guidelines and you’re happy the fund is suitable and you meet the eligibility criteria, complete the online Expression of Interest (EOI) to register your interest.

Submit your EOI

Once you’ve submitted the EOI, a member of the SIB Team will contact you by phone to discuss your organisation, proposal and the fund further.

If you have a question about the application process or would like to discuss the fund in more detail, please contact the Enterprise and Development Team on, or 020 3096 7900 (press 2 for loans).


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The Social Investment Business is the trading name for the Social Investment Business Foundation, Registered Company No. 05777484 (England), Registered Charity No. 1117185 (England & Wales), The Social Investment Business Limited, Registered in England No. 06490609, VAT No. 927456693, Futurebuilders-England Limited, Registered in England No. 05066676 and Forward Enterprise FM Ltd, Registered in England No.11238102. Registered Office: CAN Mezzanine, Borough, 7-14 Great Dover Street, London, SE1 4YR.

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