Northern Cultural Regeneration Fund

What is the fund?

The Northern Cultural Regeneration Fund will provide blended loan and grant investments of up to £150,000 to creative and culture businesses who deliver social impact to disadvantaged communities, and are operating in the 11 northern Local Enterprise Partnership (LEP) areas.

The fund is a partnership between delivery lead Key Fund, the Social Investment Business and Creative United .

The Fund provides access to investments of up to £150,000 where up to a third may be provided as a grant.

  • Loans can be used for capital or working capital, but, grant funding can only be used for capital expenditure (equipment, refurbishment, purchase of building/land).
  • Working capital loans will be repayable over up to five years. Interest will usually be charged at flat 4.2% (but may be higher for short term loans) with a 2% arrangement fee.
  • Capital loans will be repayable over up to ten years. Interest will usually be charged at a flat 3.5% (but may be higher for short term loans) with a 2% arrangement fee.
  • Security may be requested.

Who is it for - am I eligible?

Applicants must be an incorporated business that works in the creative and cultural sector and can evidence social impact as a by-product of its core work.

Must be based/or operate substantially within one of the eleven most Northern Local Enterprise Areas which are;

  • North East
  • Cheshire and Warrington
  • Cumbria
  • Greater Manchester
  • Humber
  • Lancashire
  • Leeds City Region
  • Liverpool City Region
  • Sheffield City Region
  • Tees Valley
  • York, North Yorkshire and East Riding

How do I apply?

For organisations based in the North East LEP area – please call Social Investment Business on 020 3096 7900 or send us a message.

For organisations based in the other ten LEP areas  – please contact our partners at Key Fund.

 

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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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