Deadline: 27-Aug-25
The Somerset Community Foundation is accepting applications for its Somerset Social Investment Programme to offer blended loans and grants so social enterprises and charities can grow the income they earn from selling their goods or services.
The Somerset Social Investment Programme (SSIP) offers blended finance. This means you get funding which is a combined loan and grant. You’ll need to pay the loan part of the funding back to them, but not the grant. The funding is usually offered as two-part loan and one-part grant, but the final split is decided on a case-by-case basis.
Funding Information
- Grant size: Funding up to £40,000, blending an unsecured loan with grant funding. The loan will have a fixed interest rate.
- Decision in: Mid-September, 2025
Eligibility Criteria
- You’ll need to meet their minimum standards to apply for any of their funding programmes. For their Somerset Social Investment Programme, you’ll also need to meet the additional requirements:
- The organisation must be incorporated. They’re unable to accept applications from unincorporated community groups
- You’ll need to have filed at least one set of annual accounts and have an income at least double the amount you’re applying for
- You’ll need to be able to show that you’ve tested the business case, provide financial information to show that it can become a viable trading model and that you’ll be able to repay the loan
- Their minimum standards cover things like:
- the types of groups they can give a grant to and how they expect them to be run
- how they expect those groups to manage their finances
- how those groups keep people safe.
For more information, visit SCF.