Social Investment Cymru (SIC) financially supports social enterprises in Wales with a range of grants and loans.

We invest in organisations that want to generate more income or expand their range of services, and organisations that have previously struggled to attract grant funding for new projects.

ARE YOU ELIGIBLE FOR FUNDING FROM SIC?

• The Energy Efficiency Scheme is helping voluntary organisations improve the energy efficiency of their properties by providing advice, finance and expertise.
• Funded by Welsh Government, the Community Asset Loan Fund offers loan finance for groups looking to bring property into community ownership.
• The Communities Investment Fund is a loan fund for social businesses that want to expand, generate more income or purchase an asset. We aim to lend where traditional lenders won’t.
• The Wales Micro Loan Fund is funded through The Development Bank of Wales to support small and medium sized enterprises through small ‘micro’ loans. 
• The Walter Dickie Leadership Bursary is an annual award of £2,500 to support individuals in the voluntary sector to develop their leadership skills.

ENERGY SWITCHING SERVICE

Our trusted supplier, Utility Aid has launched a new switching service to help you compare energy prices. Voluntary organisations can use the service to get instant access to commercial utility quotations from a list of reliable credit-vetted suppliers.

The service is also useful if you are buying a new property for your organisation and want to estimate the running costs, helping you to create a business plan or put together a budget for your loan application.

To find out more visit switching.utility-aid.co.uk.

PREVIOUS SCHEMES

• The Social Business Growth Fund was a mix of grant and repayable assistance that was designed to enable social businesses in Wales to grow and create job opportunities. SBGF was part funded by the European Regional Development Fund and Welsh Government.
• The Community Asset Development Fund supported social businesses that wanted to bring an asset, like a library, pub or community hall, into community ownership.
• The Net zero carbon start-up grant offered financial support to budding Welsh social businesses to get trading or investment ready, plus technical support to embed climate friendly practices.

If you are interested, contact us for a preliminary discussion on 0300 111 0124 or email sic@wcva.cymru.