Frequently Asked Questions
We hope you can find the answers to any questions you have in the section below. If you can't please get in touch and we'll be happy to help.
Who can apply for the Reach Fund?
The fund is open to charities and social enterprises, operating in England. Any organisation can register and complete the diagnostic tool but in order to apply for a grant you must have been in contact with a designated Access Point who will approve your registration.
How much money is available?
We expect most grants to be between £5,000 - £15,000 but will be able to offer more in exceptional circumstances.
What can I use the grant for?
Grants must be used to implement the investment readiness plan as developed by your Access Point. This may involve paying an external support provider, paying the Access Point to deliver specific work or your organisation to do the work yourself.
Who decides whether or not a grant is approved?
All applications for grants will be approved by a grant decision panel from the Social Investment Business
Can I apply if I do not have an Access Point?
You cannot apply for a grant if you do not have an Access Point. You can register for the fund and complete the diagnostic form and receive a diagnostic report but you will be unable to apply for a grant. In order to apply for a grant you will need to be working with an Access Point.
What is an Access Point?
An Access Point is a social investor who has been approved to refer organisations they are working with to the fund. A full list of Access Points is available via the Access Point Directory.
How long will the fund be open?
The fund will be open until June 2018.
How much money is available?
Between £3m - £4m of grant funding will be available in total. We expect most grants to be between £5,000 and £15,000 but will be able to offer more in exceptional circumstances.
My application has not been approved – where else can I get support?
There are other sources of grant funding available if the Reach Fund is not right for you. For more information about the range of funding options available please visit www.goodfinance.org.uk.
Why do I need an Access Point?
One of the main purposes of this fund is to test a new model of investment readiness support that puts social investors at the heart of the investment readiness process. You are unable to apply unless you are already working with one of our approved social investors - an Access Point. A full list of Access Points is available in the Access Point Directory.
How are Access Points selected?
Social investors must apply to become Access Points. They must complete an applicaiton form and are then approved by the fund manager, Social Investment Business.
How can I become an Access Point?
In order to become an Access Point please contact us.
What is Access – The Foundation for Social Investment?
Access aims to support charities and social enterprises taking the first step on the social investment journey, when other forms of repayable finance don’t suit their needs or are out of reach. For more information visit the Access website.
What is Social Investment Business?
Social Investment Business provides loans, grants and support to charities and social enterprises to help them change the lives of the people they work with.
They have helped hundreds of organisations become more resilient and sustainable so that they are in the best place to grow and increase their impact.
They were one of the UK’s first social investors and since 2002 have provided over £380 million worth of loans and grants for extraordinary organisations all across the country
What is Social investment?
Social investment is repayable finance that creates both social and financial returns. It is provided to charities, social enterprises and socially motivated businesses. Investors expect to get their money back (often with interest) and expect the finance to have created identifiable social impact. Social investment is not a grant or a donation. It is money provided to enable an organisation to generate more income or be more effective: money to grow its business, put in place better systems, do more social good, and it repays the investment in the process.