Application guidance

Once you have been invited to apply for the fund, you will be provided with a link to the Social Investment Business online application portal to complete a six question application form.

Your Access Point will be able to help you answer the application questions. Your answers will be combined with some of the information you provided in your Diagnostic Tool and will then be reviewed by Social Investment Business. If we have any questions about the information you have provided, we may get in touch with either you or your Access Point to ask for further information.  As a general rule, please provide as much information as possible.

To be eligible to apply for the Reach Fund you must be a charity or social enterprise; you do not need to have a particular legal structure, but you must have a social purpose defined in your company articles. Organisations must also be based in and operating in England to be eligible.

Please download and read the full application guidance before you apply

 

The application questions

1.         Detail your current services

Please provide us with a brief description of the services that your organisation provides.  What is it that your do and how do you do it?  Essentially here, we want you to tell us what you do as an organisation. 

Please use no more than 300 words when writing your answer.

2.        Investment raise amount

Here you need to indicate how much repayable finance you are hoping to raise from your Access Point.  You should have already been in discussions with your Access Point about this before applying to the Reach Fund. 

You will only be able to enter numbers in this field so please don’t try to enter symbols.

3.         Main type of investment sought

Here you need to select which of the list is the main type of investment you are seeking. Definitions of all of the types of investment are available in the full application guidance

4.         Detail the purpose of this investment

We need to understand what you will use the repayable finance you are hoping to raise from your Access Point for; i.e. purchasing a building or other assets, raising working capital or development capital.  Please do this by selecting one of the available options. 

5.         How will this investment help your organisation?

We need to understand what difference this investment you intend to raise will make to your organisation and why you need help to raise it.  Will it strengthen you financially?  Why you can’t raise this finance without support from the Reach Fund? What barriers are preventing you from raising this investment now?  What work does your Access Point say needs to be done before they can invest in you?

If you intend to use the investment to refurbish or purchase any property, equipment or other assets please detail this along with where/what these are, what stage you are at with the purchase, the value of the assets, and if appropriate, whether you have any necessary permissions (such as planning permission). 

If the investment you are raising is one part of a larger amount that involves other funding sources, please detail this along with what stage you are at with raising other funds. If you have secured other funding, please tell us who these other funders are and any specific terms they have specified. 

In essence, your response to this question should be quite factual. 

Please use no more than 300 words when writing your answer.

6.         How will this investment help social impact?

We want to understand what additional social impact will the investment you intend to raise will create.  How will it help your mission/purpose? Will it help you to reach more beneficiaries?  Will be able to deliver more services?

Please use no more than 300 words when writing your answer.

7.        Raised repayable finance before?

Please answer yes or no to tell us whether you have raised repayable finance before.  If you have raised any repayable finance, whether or not it is different from the type of finance you are hoping to raise now, you should answer yes to this question. 

8.        If yes, why is more investment needed?

If you answered yes to question 7, please tell us about the previous investment you raised.  What type of finance was it?  When did you raise it?  Who did you raise it from?  Have you repaid the investment or is it still outstanding?  Why do you now need to borrow more funds?

If you have raised repayable finance previously, either from your Access Point or another investor, you can receive support from the Reach Fund, but we need to know why in particular you need help with raising this new finance. Is it a different type of finance you are now raising? Are different people involved with the investment raise and so there are additional skills requirements? Is your organisation operating differently now compared to when you last raised repayable finance? Whatever the reason may be, please make it very clear why you now need support to raise finance.

Please use no more than 300 words when writing your answer.

9.       Grant Amount

Here you need to indicate how much grant you are asking for to help you become investment ready.

You will only be able to enter numbers in this field so please don’t try to enter symbols.

10.      Detail investment readiness plan

Here we want you to describe your investment support plan, and why you need to undertake this work in order to raise investment.  Your Access Point may have already provided you with feedback as to why they cannot provide you with an investment, and if they have please detail this here. If you have multiple investment support needs, please detail each one individually.  More information about what we will and won't fund is available in the full applicaiton guidance.

Please use no more than 300 words when writing your answer.

11.      What policies do you have in place?

Please tell us which policies and procedures you have in place.

Other information

You will also be asked to provide a breakdown of how you will spend the grant, details of your bank account, and who will be responsible for signing your offer if your application it successful.

How to submit your application?

You can save your application while you are filling in the information and come back to it at any time. To login back into your application visit www.sibgroup.org.uk and click on the ‘Community’ option at the top of the page.

Once you are ready for us to review your application, just tick the box marked ‘Submit Application’ at the bottom of the application form.

Once you have ticked this and re-saved your application, it will be submitted. Please note, once you have submitted the application you will not be able to make any further changes to it.

What happens after you have submitted your application?

Once we have received your application, your Access Point will also be asked to provide a supporting statement which will detail why they think you are a good fit for the fund, why this work will enable them to make an investment offer and why they support your application.

Your application will be reviewed by Social Investment Business.  If we have any questions we will get in touch with you, and we may also contact your Access Point. 

Applications for £15,000 or less will be reviewed internally at Social Investment Business.  Applications for more than £15,000 will also be reviewed staff from Access – the Foundation for Social Investment.  Social Investment Business may refer other applications to Access – the Foundation for Social Investment if it is deemed appropriate.

You should expect to get a decision in around 4 weeks of submitting your application.

If your application is successful...

Social Investment Business will send you your grant offer letter electronically using a system called DocuSign. This guide will show you step by step how this happens and what you need to do.

Need further guidance?

If you need further guidance or information please do get in touch.