Recovery Loan Fund

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Admin Section

Page 1 
Welcome to the application for the Recovery Loan Fund. 

The application form should take approximately 20 minutes to complete if you have all information to hand.

Eligibility: We have listed the Fund eligibility criteria on page 2&3. If you are unable to tick to confirm that your organisation meets each of the eligibility criteria, you will not be eligible for the fund. Please do not continue with the application.

At the end of the application form, if you are eligible, we will ask you to attach the following information:
• Last 2 sets of financial accounts (showing figures for 3 years)
• Latest set of management accounts
• Recent 12 month cashflow forecast 

You can save your application at any time by ticking the "Save my progress and resume later"  checkbox at the top/bottom of the form. To go back to a form you have previously saved, please click the "Resume a previously saved form" link at the top/bottom of the page.

Information about the fund, eligibility and application guidance can be found at:
https://www.sibgroup.org.uk/recovery-loan-fund

If you have further questions, please contact loans@sibgroup.org.uk

Information About You
Please confirm your key contact details so we can keep in touch about this application. 






Page 2 

If you are unable to tick to confirm that your organisation meets each of the eligibility criteria below, you will not be eligible for the fund. Please do not continue with the application.

Please refer to the guidance provided on the form, and, if necessary, the separate Application Form Guidance document.
Eligibility Checker

Eligible charities and social enterprises must: Be registered and based in the UK. Deliver their services and impact in the UK. Have a formal company structure/ be incorporated. Have a social object, asset lock and restriction on the distribution of profits written into their governing documents.


BAME= Black, Asian and Minority Ethnic communities.
BAME-Led =51% or above, of the board and SMT are from BAME backgrounds.

If the organisation is part of a Group, its turnover must be aggregated with the turnover of each other member of the Group. Group = when one or more companies are owned or controlled (directly or indirectly) by a single parent company.

If your organisation is part of a group structure, you must consider all companies in the structure when answering this question.

Trading activity = trading/ commercial activity that generates turnover (whether or not with the intention of making a profit). A not-for-profit organisation is a trading business for these circumstances. Organisations that receive the majority of their income from donations would not be eligible. Trading income = income from the provision of goods and services i.e. income from sales, fees, contracts, and service level agreements. It does not include pure grant awards, gifts, or donations (and gift aid), unless this income is in direct return for a good or service. See the Application Form Guidance (linked at the top of the page) for a list if eligible/ ineligible items.


If you are not eligible for the fund i.e. you couldn’t tick off each of the above criteria, you may find the below links useful for other funding opportunities.  




If you have any further questions, please email us at:
loans@sibgroup.org.uk

Page 3

If you are unable to tick to confirm that your organisation is not based in/ does not operate in Northern Ireland, we cannot offer support through the Recovery Loan Fund. Please do not continue with the application.

Northern Ireland



If you are based in/ operate in Northern Ireland, we suggest getting in touch with local funder Community Finance Ireland.

You can email them at hello@communityfinanceireland.com or find out more information on their website at: https://communityfinanceireland.com/.

Please mention that you were referred to them by the Social Investment Business.

Page 4

Partner Details

The partner you select will assess your application and decide whether to recommend it to the Funds Investment Committee.
Organisational Details

I.e. The exact name registered at Companies House/ other regulator.





Note: eligibility criteria – must have been actively operating for at least 2 years.





The postcode must be in uppercase and the correct format, for example, M2 1BB, CB2 1QA or BS32 0BQ.









Please just enter a whole number (no commas or symbols). Please enter 0 if the answer is none.

Please just enter a whole number (no commas or symbols). Please enter 0 if the answer is none.

BAME = Black, Asian and Minority Ethnic.

Note: eligibility criteria on eligible charities and social enterprises i.e. must be incorporated. Unincorporated associations will not be eligible.

You will not be eligible for this fund



Note: eligibility criteria on eligible charities and social enterprises i.e. social asset lock. Organisations with no asset lock will not be eligible.

You will not be eligible for this fund


Group = when one or more companies are owned/ controlled (directly or indirectly) by a single parent company. If your organisation is part of a group structure, please answer yes.



Note: you must have had a turnover of at least £400k (or £200,000 if BAME-led or based in Wales or Scotland) and not more than £45m. Please just enter the turnover as a number (no commas or symbols).

Please just enter a whole number (no commas or symbols). Please enter 0 if the answer is none.

Please just enter a whole number (no commas or symbols). Please enter 0 if the answer is none.

Please just enter a whole number (no commas or symbols). Enter 0 if you do not have volunteers.





Note: To be eligible for this fund, your organisation must already generate (or be about to generate) more than 50% of its income from trading. This criteria applies as at the date your loan is paid. Trading activity = trading/ commercial activity that generates turnover (whether or not with the intention of making a profit). A not-for-profit organisation is a trading business for these circumstances. Organisations that receive the majority of their income from donations would not be eligible. Trading income = income from the provision of goods and services i.e. income from sales, fees, contracts, and service level agreements. It does not include pure grant awards, gifts, or donations (and gift aid), unless this income is in direct return for a good or service. See the Application Form Guidance (linked at the top of the page) for a list if eligible/ ineligible items.


Note: This excludes Bounce Back Loans

How diverse is your organisation's board and senior management team?

We are collecting data on equalities to better understand the make-up of the organisations this fund will support. 

We have a commitment to ensuring that we fully represent the diversity of the sector in our funding. The data will also feed into wider on-going Programme reporting and learning.

People who assess their day-to-day activities as limited by long-term physical or mental health conditions or illnesses are considered disabled.

The Recovery Loan Fund considers those organisations that have over 51% of their board and senior management team from Black, Asian and minoritised ethnicities as eligible for alternative criteria to the fund and to be considered for additional unrestricted grant. To access this, organisations of this kind must declare it in the below.


What percentage of your board and senior management team are:





Completion of these questions is encouraged but voluntary.

Page 5

Funding Request

Please just enter whole numbers, without £, or other symbols





We understand that the money can be spent on different things. Please choose where the majority of money will be spent.






RLS = Recovery Loan Scheme ; CBILS = Coronavirus Business Interruption Loan Scheme ; CLBILS = Coronavirus Large Business Interruption Loan Scheme Group = when one or more companies are owned or controlled (directly or indirectly) by a single parent company. If your organisation is part of a group structure, you must consider all companies in the structure when answering this question.


Page 6

Supporting Information 
Please upload the last 2 sets of financial accounts (showing figures for 3 years)






Submit your application 
By submitting this form you are confirming that the information contained within it is true and correct.  You are also confirming that you have the authority to submit this application on behalf of the organisation.

 

By applying to the fund you consent to the sharing of your details (including name, contact information and organisation details – including organisational financial information, loan details) amongst the Recovery Fund partners for the purposes of managing the fund; the Recovery Fund Partners are Social Investment Business, Big Issue Invest, CAF Venturesome, Charity Bank, Key Fund, Social Investment Scotland, Resonance Limited, Wales Council for Voluntary Action, Create Equity and The Ubele Initiative (there might eventually be more).  Your details will also be shared with the investors of the Fund, and the Secretary of State for Business, Energy and Industrial Strategy and the British Business Bank (the Growth Guarantee Scheme (GGS) Guarantor) and their advisors, agents, contractors and auditors. Each organisation’s data policy can be reviewed on their respective websites. 


Your data will not be shared with any other third parties and will only be used for administrative purposes in relation to the fund and for its duration.

 

 All data sharing will be in accordance with current data protection regulations.

 

The full privacy policy for The Social Investment Business can be found at

https://www.sibgroup.org.uk/data-privacy-policy



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