RRLF – dashboards applicants
The launch of the Resilience and Recovery Loan Fund (RRLF) provided SIB with an important opportunity to further embed data transparency across the pipeline of our funds and programmes.
The Resilience & Recovery Loan Fund (RRLF) is a £25m fund for social enterprises and charities that are improving people’s lives across the UK who are experiencing disruption to their normal business model as a result of COVID-19. It has been established to make an existing government scheme (the Coronavirus Business Interruption Loan Scheme (CBILS - see below) more easily accessible to charities and social enterprises.
Data transparency for the Fund meant real-time, weekly social investment data: not only sharing which kinds of organisations are applying to RRLF, but also where they are and who leads them to ensure fairer direction of emergency funding.
We therefore published two online RRLF dashboards:
Case Study: Autism Plus
Autism Plus received £360,000 (Loan) + £140,000 (Grant) from RRLF. The RRLF loan and grant has provided an essential safety net for Autism Plus following the uncertainty of Covid-19. Watch the video to hear more about their story, including details of their business model and how they engage with contracts to ensure greater quality and consistency for their service users.