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GUIDE: Recovery Loan Fund for Charities & Social Enterprise

Charities and social enterprises that have been operating for a minimum of two years can now apply to the Recovery Loan Fund. Loans can be worth up to £1.5 million from Social Investment Business (SIB).

Eligible organisations can apply for loans of £100,000 to £1.5 million with a one-to-six-year term, and no early repayment penalty. BAME-led organisations and those based in Wales or Scotland will be able to apply for loans upwards of £50,000.

What is the Recovery Loan Fund?

The fund lends to UK charitable and social enterprise organisations who ‘are improving people’s lives, or the environment they live in, across the UK’. The loans will support those impacted by COVID-19 who are currently struggling to recover and grow.

The fund was established by the Social Investment Business (SIB) to extend the existing government guarantee scheme, the Recovery Loan Scheme (RLS). The move ensures that loans are more easily accessible to eligible organisations.

It is also open to organisations looking to refinance short-term debt – all loan purposes will be considered, including refinancing.

The new scheme is the successor of the Resilience and Recovery Loan Fund. The deadline is Sunday, 21 November 2021 and applications will be reviewed on a first-come, first-served basis. 

For more information, or to complete an application for funding, please visit: Recovery Loan Fund (sibgroup.org.uk)

Count On Cardens

Cardens is committed to working with the charity and social enterprise sectors, particularly local organisations who have been impacted COVID-19.

If we’re not hosting fundraising events, we’re sponsoring local events for charity fundraisers and lending our time to share our expertise to fulfil our commitment to donating 1% of our annual turnover to charity.

Due to this, our team has extensive sector experience. If you require further information about schemes, funds, reliefs and more, please contact us at

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