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. Here we share some of the challenges and considerations that this presented and the rationale behind the approach that Access and SIB have decided to take.

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.