Regional Growth Fund

The Regional Growth Fund aims to support the development and growth of economic activity and employment in disadvantaged areas or for disadvantaged groups. The fund invests in enterprises to promote regional economic development, with a particular focus on social and community-focused organizations. The fund is administered by Key Fund, a community development finance institution that provides financing to community and social enterprises traditionally excluded from mainstream banking. The fund offers flexible investment options that can be used for both capital and working capital purposes. Investments are structured as loans with a term of up to 7 years and typically carry an interest rate of 8.25% flat, with a 2% arrangement fee payable. The maximum investment available is £150,000 per organization. This funding is particularly designed to support enterprises operating in or serving disadvantaged communities, helping them to create employment opportunities and drive economic growth in areas that need it most. While not restricted exclusively to social enterprises, Key Fund targets organizations with social or community impact as part of its mission.