CAF Venturesome and Hatch Enterprise have partnered to offer blended finance and business support to social businesses led by women of colour based in London.

This pilot programme will run between 2022-23 and is funded by JPMorgan Chase, CAF and private donors.

This programme is focused on social businesses led by women or other marginalised genders from an ethnic minority background.

It offers up to £70,000 per social enterprise in funding. This ‘blended finance’ investment includes:

  • up to £50,000 in zero-interest loans to be repaid over 5 years
  • a grant worth up to £20,000
  • opportunities to apply for further low interest loans worth up to £150k

The female business leaders will also be supported to make the best use of the funding with mentoring, coaching, business advice and workshops to help them grow.

The pilot programme is open for applications until 1 August.