July 22nd, 2008
Launch of the Social Enterprise Loan Fund
The Social Enterprise Loan Fund was officially launched on Tuesday 22 July. The Social Enterprise Loan Fund (TSELF) replaces the Local Investment Fund, which has generated over £2 million of private sector investment and £7 million of loan finance to 150 community enterprises over the last 14 years. TSELF plans to build upon this success by doubling the size of its loan portfolio over the next three years. “We have significant experience in providing loan finance to not-for-profit community enterprises,” says Mike Baker, Chief Executive. “The new Social Enterprise Loan Fund will provide more funds to more social enterprises and we hope we can do this in more parts of the country.” The Local Investment Fund was set up as a registered charity in 1994 by the then DETR (now DCLG), Business in the Community and the private sector, led by NatWest, with the aim of overcoming the funding gap often experienced by social enterprise.
http://www.tself.org.uk/
21 July 2008
© The Social Enterprise Loan Fund
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