Social Enterprise Fund Targets 'purpose-driven' Businesses Hit By Covid And Cost-of-living Crisis

credit: via U.S. Department of Treasury

During the COVID 19 pandemic, Scotland's third sector was a "critical community lifeline," says Chris Jamieson, head of investments at Social Investment Scotland, but "the end of lockdown hasn't necessarily meant an instant return to normality for them, particularly when it comes to income generation."

That's why the country is offering social enterprises and charities up to $1.6 million in loans to help them get back on their feet, the Guardian reports.

The fund, set up in October 2021, is open to "purpose-driven" organizations that were " hardest hit" during the pandemic, per Jamieson.

Interested parties can start looking now, with low interest rates, no fees, and no repayments for the first year and five years.

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