{"id":779,"date":"2016-09-26T14:48:29","date_gmt":"2016-09-26T14:48:29","guid":{"rendered":"http:\/\/www.miningtheseem.org.uk\/?p=779"},"modified":"2017-07-16T06:45:57","modified_gmt":"2017-07-16T06:45:57","slug":"5-5m-northern-impact-fund-launches-for-social-enterprises","status":"publish","type":"post","link":"http:\/\/www.miningtheseem.org.uk\/?p=779","title":{"rendered":"\u00a35.5m Northern Impact Fund launches for social enterprises"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div class=\"getty embed image\" style=\"background-color: #fff; display: inline-block; font-family: 'Helvetica Neue',Helvetica,Arial,sans-serif; color: #a7a7a7; font-size: 11px; width: 100%; max-width: 494px;\">\n<div style=\"padding: 0; margin: 0; text-align: left;\"><a style=\"color: #a7a7a7; text-decoration: none; font-weight: normal !important; border: none; display: inline-block;\" href=\"http:\/\/www.gettyimages.com\/detail\/174417868\" target=\"_blank\" rel=\"noopener\">Embed from Getty Images<\/a><\/div>\n<div style=\"overflow: hidden; position: relative; height: 0; padding: 70.242915% 0 0 0; width: 100%;\"><iframe loading=\"lazy\" style=\"display: inline-block; position: absolute; top: 0; left: 0; width: 100%; height: 100%; margin: 0;\" src=\"\/\/embed.gettyimages.com\/embed?assets=174417868,493310861,158926204,551987547,182780710&amp;et=3mQGF1BnQll1hRqA2h0-gQ&amp;viewMoreLink=on&amp;sig=YrWC5g8R7siM-dKZKdphqzd5YuUD2tBdPVjgJhnQ_b0=\" width=\"494\" height=\"347\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/div>\n<p style=\"margin: 0;\">Imaginaitive with funding, secure in it&#8217;s mission for social enterprise &#8211; The Key Fund&#8230;<\/p>\n<\/div>\n<h3>Key Fund, a long-standing investor in community and social enterprises, is delivering the <a href=\"http:\/\/thekeyfund.co.uk\/new-5-5m-northern-impact-fund-launches-social-enterprises\/\"><em>Northern Impact Fund<\/em><\/a>, aimed at new and early stage enterprises who are seeking finance to support growth.<\/h3>\n<p>Matt Smith, CEO of the Key Fund, said: \u201c<em>With this fund we\u2019re offering finance of up to \u00a3150k, but typical investments will be around \u00a350k, with up to 20% of the amount available as grant. The Key Fund was one of the early pioneers in this space, and our original model was based on a grant and loan mix, so we\u2019re really excited to be going back to that original model. It\u2019s long been our belief that grants can play a very important role in helping new and smaller social enterprise become more robust<\/em>.\u201d<\/p>\n<p>Source: The Key Fund web site &#8211; thekeyfund.co.uk\u00a0 Accessed 25.09.2016<\/p>\n<p>A new blended grant and loan fund, the Key Fund package looks to secure sector deals in the \u00a35,000 to \u00a3150,000 range. Applications are accepted from across the North and Midlands, with the Fund looking to realise 46 deals a year.<\/p>\n<p>At a flat rate of 6.5% interest, the average loan term secured is expected to be three years.<\/p>\n<p><strong>Interested in business development on these terms, as a social\/community enterprise.\u00a0 See the links below&#8230;<\/strong><\/p>\n<p><a href=\"http:\/\/thekeyfund.co.uk\/new-5-5m-northern-impact-fund-launches-social-enterprises\/\">Find a full copy\/Press Release about the new fund here<\/a>&#8230;<\/p>\n<p><a href=\"http:\/\/thekeyfund.co.uk\/5-5-million\/\">Find a full grant\/investment profile for the new Fund on-line here<\/a>&#8230;<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-822\" src=\"https:\/\/i0.wp.com\/www.miningtheseem.org.uk\/wp-content\/uploads\/2017\/07\/SocEntEastMIdslogoButton.jpeg?resize=231%2C278\" alt=\"\" width=\"231\" height=\"278\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Embed from Getty Images Imaginaitive with funding, secure in it&#8217;s mission for social enterprise &#8211; The Key Fund&#8230; Key Fund, a long-standing investor in community and social enterprises, is delivering the Northern Impact Fund, aimed at new and early stage enterprises who are seeking finance to support growth. Matt Smith, CEO of the Key &hellip; <a href=\"http:\/\/www.miningtheseem.org.uk\/?p=779\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">\u00a35.5m Northern Impact Fund launches for social enterprises<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61,140,47,225,181,288,3,231,211],"tags":[26,59,34,46,33,266,216,4,5,77,103,212],"class_list":["post-779","post","type-post","status-publish","format-standard","hentry","category-community-economics-2","category-funding-2","category-impact-investment","category-innovation","category-partnerships","category-socenteastmids","category-social-business-news","category-social-enterprise","category-the-key-fund","tag-business-model","tag-community-economics","tag-enterprise-growth","tag-funding","tag-investment-effectiveness","tag-northern-impact-fund","tag-seem","tag-social-business","tag-social-enterprise","tag-social-finance-2","tag-sustainability","tag-the-key-fund"],"_links":{"self":[{"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=779"}],"version-history":[{"count":0,"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/779\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=779"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}