The learning report from the first two years of the Reach Fund has been published by Access.
In recent months the Reach Fund has seen a significantly larger than anticipated increase in eligible applications, leading to expenditure in some months of more than double the budget. We have therefore had to think carefully about how we manage this going forward in order to ensure that the fund can remain available for as long as possible.
In recent months the Reach Fund has seen a significantly larger than anticipated increase in eligible applications, leading to expenditure in some months of more than double the budget. We have therefore had to think carefully about how we manage this going forward in order to ensure that the fund can remain available for as long as possible.
Access – The Foundation for Social Investment (Access) and Social Investment Business (SIB) have announced that the Reach Fund, the pioneering grant programme which supports charities and social enterprises to take on social investment, will continue for at least a further three years.
Cycle Penistone CIC is a community bike facility and shop that promotes an inclusive approach to cycling. They applied for a Reach Fund and managed to secure investment to help them better cater to growing demand for their products and services.
North East Dance use dance and fitness as a means to tackle health and social issues in Sunderland. When they were looking at how to diversify their income the Reach Fund helped them get the investment they needed to grow.
Jonathan Jenkins, Social Investment Business Chief Executive, blogs about why the launch of the Reach Fund and why he is excited about it getting off the ground.
Major new grant programme launched to help charities and social enterprises access social investment, funded by Access – The Foundation for Social Investment