Social finance loan fund to launch with �15m from Big Society Capital: Social lender Social and Sustainable Capital will launch a second loan fund for the charity sector later this year, with funding from the Social Investment Business and Big Society Capital.
Sasc was set up in 2012 to invest money in the sector, and launched its first fund earlier this year, also with backing from BSC and the SIB.
The new fund will provide secured and unsecured loans to charity sector organisations of between �250,000 and �3m.
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