WHAT WE FUND
Unsecured term loans
£25,000 to £150,000
3 to 7 years (5 years average)
Up to 24 months repayment holiday
Up to 20% of the investment as a grant
5 to 10% (8% average)
2% arrangement fee
Proportionate and reasonable social impact reporting
The £3.3m PICNIC fund provides investments of between £25,000 and £150,000 to eligible organisations, which can be supported by up to 20% of the investment in repayable grant funding.
We tailor our funding to give projects time to generate sustainable revenue, and deliver specific and measurable social and environmental outcomes, before starting to repay the loan.
Our patient, affordable and flexible funding comes in the form of simple, repayable, unsecured loans repayable over 3 to 7 years. If needed, we can also offer a grant to enhance or accelerate expected social or environmental impacts. Repayment holidays of up to 24 months may also be available.
We can invest in a wide range of community and social organisations, charities and profit-with-purpose businesses that deliver social and environmental impact in public urban greenspaces. Whilst organisations objectives will differ, we expect the funding to be used for projects and activities that promote:
- Community cohesion and sense of belonging
- Employment, Training and Education
- Mental Health and Wellbeing
- Physical Health
- Art, heritage and faith
- Conservation of the natural environment
We are able to fund:
- Working Capital
- Equipment to support revenue streams
- Recruitment, training and deployment of staff and volunteers
- Equipment to support business functions, including finance, project management and governance
- Other operating costs
If you would like to discuss your funding needs before applying please contact us today and we would be happy to help.