Rethink Ireland Accepting Applications for Hybrid Social Finance Loan 2023 – 2024
Rethink Ireland is thrilled to announce the launch of the Hybrid Social Finance Loan, a unique and new financial instrument that will provide a combination of a repayable loan, a non-repayable loan and business support for up to 20 start-up social enterprises in total through two open calls. Rethink is now welcoming applications for the first round.
The Hybrid Social Finance Loan is a partnership between Rethink Ireland, Community Finance Ireland and the Department of Rural and Community Development. It aims to build the capacity of start-up social enterprises that are first-time borrowers and already have some trading record.
Each Award will include a total loan of between €20,000 and €100,000 which includes a repayable loan between €10,000 and €50,000 provided by Community Finance Ireland and a non-repayable loan for the same amount provided by Rethink Ireland, plus a Business support package of €10,000.
Round one is open until 5 July, 2023.
You are invited to join Rethink Ireland for its online Information Session to hear more about this opportunity, ask your questions and get some tips on writing an effective application.
Upcoming information sessions:
Friday, 9 June at 1pm: (register here)
Thursday, 22 June at 12 pm: (register here)
Please visit the Rethink Ireland website for more information.