Greater Manchester Centre for Voluntary Organisation (GMCVO) launched a new social investment fund today at a bustling event at their Ardwick-based centre. This GM Social Investment fund provides affordable and accessible loan finance to small social enterprises and charities that trade. GMCVO is calling for people to get in touch about the programme.
The loans are designed to help organisations grow and to grow their social impact. It is aimed at organisations who address social needs, strengthen communities, improve people’s life chances, enhance culture or protect the environment.
Gary Millar, GMCVO’s new Investment Manager, said: “We are looking to invest in charities and social enterprises within Greater Manchester with up to £50,000 of flexible unsecured finance by combining grants with loans into a simple product to help organisations grow their great ideas.”
The launch event was held in collaboration with Greater Manchester Social Enterprise Network (GMSEN) and included a speech from Eamonn Boylan, Chief Executive at Greater Manchester Combined Authority.
GMCVO wants to hear from any organisation with social impact – including new organisations – who may be looking for a loan. You can find out more and submit an enquiry at www.gmcvo.org.uk/gmsocinvest