Northern Cultural Regeneration Fund
What is the fund?
The Northern Cultural Regeneration Fund will provide blended loan and grant investments of up to £150,000 to creative and culture businesses who deliver social impact to disadvantaged communities, and are operating in the 11 northern Local Enterprise Partnership (LEP) areas.
The fund is a partnership between delivery lead Key Fund, the Social Investment Business and Creative United .
The Fund provides access to investments of up to £150,000 where up to a third may be provided as a grant.
- Loans can be used for capital or working capital, but, grant funding can only be used for capital expenditure (equipment, refurbishment, purchase of building/land).
- Working capital loans will be repayable over up to five years. Interest will usually be charged at flat 4.2% (but may be higher for short term loans) with a 2% arrangement fee.
- Capital loans will be repayable over up to ten years. Interest will usually be charged at a flat 3.5% (but may be higher for short term loans) with a 2% arrangement fee.
- Security may be requested.
Who is it for - am I eligible?
Applicants must be an incorporated business that works in the creative and cultural sector and can evidence social impact as a by-product of its core work.
Must be based/or operate substantially within one of the eleven most Northern Local Enterprise Areas which are;
- North East
- Cheshire and Warrington
- Cumbria
- Greater Manchester
- Humber
- Lancashire
- Leeds City Region
- Liverpool City Region
- Sheffield City Region
- Tees Valley
- York, North Yorkshire and East Riding
How do I apply?
For organisations based in the North East LEP area – please call Social Investment Business on 020 3096 7900 or send us a message.
For organisations based in the other ten LEP areas – please contact our partners at Key Fund.
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