Northern Impact Fund 2

The Northern Impact Fund 2 provides finance to support the development or growth of trading activity for social enterprises and community organizations. This includes funding for cash-flow, working capital, and asset development or purchase. The fund targets organisations with clear social aims and objectives that are not for private profit, asset locked, and have clear policies or restrictions around profit distribution. The fund offers flexible investment options ranging from £5,000 to £150,000 with terms from 1 to 5 years. Three distinct product options are available: Product 1 offers up to 30% grant with 6.5% interest rate; Product 2 offers up to 18% grant with 4% interest rate; and Product 3 is Shariah compliant with no interest. This fund is backed by multiple major funders including Access – The Foundation for Social Investment, Better Society Capital, Regional Growth Fund, Unity Trust Bank, Barrow Cadbury Trust, The Places Foundation, Joseph Rowntree Foundation, and Mercers' Charitable Foundation.