The Somerset Social Enterprise Fund (SSEF) has been established with initial funding from Somerset County Council to provide loan finance to support new and established social enterprises.
Whilst the SSEF is primarily a loan fund, there is scope for an element of grant funding.
The SSEF is intended to:
A key attribute of the SSEF will be that loan repayments and interest will be ‘recycled’ into further loans and, thus, the fund will be self-sustaining.
Features of the SSEF include:
Find more information at the Somerset Social Enterprise Loans Fund Panel webpage.
Somerset Community Foundation - Chief Executive