Sheffield-based social enterprise aims to invest £1m a month in local firms

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A Sheffield-based social enterprise is aiming to invest £1 million a month for the next five months in loans and grants to help finance new business ideas or help firms grow.

Key Fund works to give businesses the best possible chance to become sustainable.

Garry Brown, head of investment at Key Fund, added: “We’re asking anyone living in Yorkshire and the Humber who has an idea, or is involved in a group, organisation, enterprise, or community with an enterprising idea, to talk to us.

“Key Fund is committed to supporting the voluntary, community and social enterprise sector. We know how hard it can be to balance the costs of delivering positive impacts in disadvantaged areas with the tight financial realities of balancing the books, which is why we are offering grants alongside our loans.

“Many people who want to start their own community or social enterprise, or expand and grow an existing one, aren’t aware that there is an alternative to mainstream investors. With us, you don’t need assets or even necessarily experience, you just need a fantastic business idea that benefits society.”

Among the investor’s clients is Doncaster Refurnish, which collects, restores and sells furniture to low-income families.

Recently, Key Fund gave a £40,000 loan and a £40,000 grant to support the opening of a new furniture retail outlet.

For more information or to apply, visit http://thekeyfund.co.uk or email info@thekeyfund.co.uk