SOCIAL INNOVATION FUND
Facilitates access to credit and co-investment for implementing organisations with social innovation projects based on sustainable business models.
How it Works
It comprises two financial instruments:
SIF Debt – With a wholesaler approach, this instrument will provide guarantees and counter-guarantees among other favourable conditions to credit institutions allowing them to fund SISEIs at below the market conditions The terms associated with these loans, namely graces period, loan maturities, interest rates and putting up collateral, are better than those usually offered by the market, and are more suited to their actual needs.
SIF Equity – Always alongside private equity co-investment in the final beneficiaries, this instrument leverages equity and quasi-equity investors, granting them a call option during the first six years of investment.
Who can apply?
SIF DEBT – Social sector organisations and SMEs.
SIF EQUITY – SMEs.