Catalyst funding feeds social enterprise
The Catalyst Fund is a new type of social investment offering loans through a flexible, revenue-based repayment model.
The fund is run by FirstPort, Scotland’s agency for start-up social entrepreneurs and social enterprise.
The fund is open all year round to ambitious social enterprises looking for social investment of over £50,000 to help them start and grow their business. Enterprises must have the potential to deliver significant social impact but are unable to access existing social investment products. For example, start-ups with significant set up costs or scale up costs that need more time to generate income before paying back their loans.
The Catalyst Fund offers a flexible repayment model, this means that you begin to pay back a loan only when you have begun to generate revenue. The monthly repayment amount will be based on the revenue you have earned; on good trading months you will pay back more, on months where trading revenue is lower, you will pay back less. A model like this gives your social enterprise the time and flexibility it needs to grow at a pace that matches your ambitions.
If you are interested in applying for the Catalyst Fund, the first step is to attend one of the information webinars:
- Friday 18th June, 12pm
- Thursday 24th June, 3pm
For full details, and to register for the webinar, please visit the FirstPort website