Key Fund

Social finance is a great way to build your business, but it's not for everyone. Our mission is to ensure that our investment leads to positive social and/or environmental change.

We don't want to raise your expectations or waste your time. Use the information below to see if we might be a good option for you.

We do have some limitations placed upon us by our funders, but we like to think that we are a flexible investment organisation. So even if you answer No, we might still be able to help. If this is the case, feel free to contact us and discuss your requirements further.

Are you a formally constituted organisation?

e.g. Limited Company; Community Interest Co.; LLP; Community Benefit Society; Co-operative; Charitable Incorporated Organisation etc.

If no…

You have to be formally constituted & for us to invest in you i.e. we do not support sole traders and partnerships of individuals.

In the 'Start Up' phase, this may not be the case at the moment and therefore if the intention is to incorporate you can proceed with your application however a formal offer will not be issued until incorporation has taken place.

We may support well established unincorporated Charities.

Are you a social business?

Key Fund defines a Social Business as “an organisation that balances its social aims with its commercial activity”.

If no…

Key Fund defines a Social Business as “an organisation that balances its social aims with its commercial activity”.

It is anticipated that Organisations eligible for support from Key Fund will have…

  • Social or environment aims quoted in Memorandum and Articles of Association.
  • Specific power to borrow stated in the governing document.
  • Policies regarding Dividends, Directors Remuneration, Shareholding & dissolution that reflect the ethos & distinctive profile of a Social Enterprise.
  • A systematic way of collecting & recording information to check progress against plans and enable evaluation a strategy for illustrating - the difference it makes

Does your governing document allow your organisation to borrow money?

If no…

Please contact one of our advisors using the support tab.

Is there a positive consensus among your governing body regarding the ability of the organisation to take on and mange debt finance?

If no…

We need to make sure that the consensus of the governing body is positive to debt finance.

Not to be so can lead to problems later on. Best get that sorted before we start!

Are you a Statutory Sector organisation?

If yes…

Sorry. Statutory organisations are ineligible to receive investment from Key Fund.

Are you a Religious or Political organisation?

If yes…

Sorry. Religious and Political organisations are generally ineligible to receive investment from Key Fund.

However, some outreach projects may be eligible. Give us a call to discuss.

Have you got a Bank account open in the name of the organisation?

If no…

If a bank account has not opened, we shall require evidence of the opening of the account before funds can be issued

Do these terms suit your organisation?

Terms of loans

For businesses with more than three years trading history, we can offer an investment of up to £150,000 over a five year term.

For businesses with less than three years trading history, we can offer an investment of up to £30,000 over a three year term.

If no…

We have some flexibility in our standard product and may be able to help...

    1) with borrowing requirements over £150,000; or

    2) with loans over £50,000 requiring a repayment period of longer than 5 years; or

    3) with new start businesses with experienced management teams

Have you approached a commercial lender (eg bank, building society etc) and been refused support before submitting a proposal to us?

Key Fund receives some public funds to match against its own monies to provide support to organisations which cannot access finance from traditional sources.

Because of this fact, all applicants must have approached a commercial lender (eg bank, building society etc) and been refused support before submitting a proposal to us.

As part of our eligibility checks we must retain evidence (ie a copy of an email or letter) on file for audit purposes.

If no…

Evidence can be collected during the application process but must be provided before any funds can be released.

Please discuss with one of our advisers,