Hybrid Social Finance Fund Launched
Rethink Ireland has launched the third open call of the Hybrid Social Finance Loan, a unique opportunity for social enterprises to develop a credit record and increase their financial sustainability.
A total of €550,000 is available for loans and cash support for this round. The open call is on a rolling basis and we will close for applications once all awards have been allocated. This initiative is made possible through Department of Rural and Community Development funding via the Dormant Accounts Fund as well as loans from Community Finance Ireland.
Each Award will include:
- A loan between €10,000 and €50,000, which can be financed over five years at a competitive rate.
- Cash support for up to the same amount.
- Business supports up to the value of €7,700, which includes consultancy support and a place on our Rethink Ireland Accelerator Programme.
Learn more about the Hybrid Social Finance Fund and apply at https://rethinkireland.ie/hybrid-social-finance-loan/.