Community Enterprise Wales Projects & Partners

  
   

Coalfields Associate Fund  |  The FEI Project  | RISE  | W.H.Q.S. |  Carmarthenshire Loan Fund  |  Heads of The Valleys  |  C.I.F. |  The S.E.N.

Carmarthenshire Loan Fund

The Carmarthenshire loan fund was set up in 1997 as a cash flow tool for Social Enterprises in Carmarthenshire. It offers loans of up to £20,000, interest free for up to 6 months to organisations in the Carmarthenshire County Council area. Applications are processed within 4 weeks.

Purpose of loan:


The purpose of the loan must be to –

  • Assist cash flow, pending receipt of grant funding on secured grant offers from bona fide grant aiding bodies that provide grant support on a retrospective basis.
  • In the setting up or expansion of an identified community business

Or

  • The creation or protection of employment with an identified community business.

Conditions of Borrower:

  • Is to be or is situated in or the undertaking appears to provide, create or increase the opportunities primarily or substantially for the employment of people living in the County of Carmarthenshire.
  • Is the nature of a community business defined as a business which:
    • Has both social and economic objectives and is addressed at meeting community needs;
    • Is non-profit distributing and has a voluntary board of directors steering group;
    • Has a membership clause in it’s Constitution or Memorandum and Articles of Association;
    • Is community led and employment generated.

For an application pack please contact Sara Boome 01495 356 734.

www.carmarthenshire.gov.uk

 

 

 
   
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