What is the Reach Fund?
The Reach Fund is a two year grant programme that is testing a new model for investment readiness support. The programme is funded by Access – The Foundation for Social Investment and is open to organisations in England.
Social investors are often approached by charities and social enterprises who require extra support to become 'investment ready’.
Through this programme, social investors can refer these organisations to the Reach Fund to apply for grants to pay for the support they need. Between £3m and £4m of funding will be available and you can apply for grants of up to £15,000.
Why the fund is designed this way
‘Investment readiness’ has long been highlighted as an issue that prevents charities and social enterprises from accessing social investment.
Access has been setup to continue this work and test new models of investment readiness. The Reach Fund is one of the new models they want to test.
How can I apply?
After being referred to the Reach Fund by your social investor you will be asked to register on this website and complete a diagnostic tool. This will then be used to help decide whether you should proceed to a full grant application.
If you are approved to apply, you will then work with your social investor to develop an investment readiness plan and apply for a grant. If your grant application is then successfull you can use this funding to pay for the support you need to become investment ready.
The application process is explained in further detail here.