10.09.2012
The Guardian and the Independent have both covered the launch of a new revolving fund of £500,000, backed by The Co-operative Enterprise Hub and Co-operative Loan Fund and operated by Co-operative and Community Finance, established to “help community projects that are struggling to get off the ground because of problems raising finance.”
The fund will underwrite a community share issue by up to £50,000 although “the reassurance provided by the scheme’s confidence in a project may mean that the share issue will reach its target without needing investment from the fund” says Ian Rothwell, Development Manager for Co-operative and Community Finance.