A new £7 million partnership social investment loan fund for historic buildings
The new Architectural Heritage Fund’s Heritage Impact Fund (HIF) offers tailored finance for charities, social enterprises and community businesses across the UK to develop sustainable heritage at the very heart of vibrant local economies.
Loans from £25,000 to £500,000 for up to three years with tailored terms and both flexible and incentivised interest rates for impactful projects are available via the HIF. These could include both capital and interest payment holidays.
The HIF offers incentivised terms to provide greater assistance to those organisations and projects that will deliver enhanced local economic and community impact. Their terms are flexible and competitive, with rates and fees which vary depending upon your circumstances. The headline interest rate is 6%.
They can also offer assistance with business support and with helping you assess the impact of your project.
Who can apply?
They fund applicants across the UK seeking to acquire, reuse or redevelop buildings which are of historic or architectural importance – these may be buildings which are listed, in a Conservation Area, or may be of special significance to the community. The end use should be financially viable and help support the objectives of the organisation and provide impact to or benefits for the communities in which the buildings are based.
To apply, you must be a formally constituted and incorporated charity, community business or social enterprise whose members have limited liability.
Find out more here.