The Recovery Loan Fund’s £21.5 Million Fundraising

In UK Linklaters, advised on the matter.

Linklaters advised Archbishop’s Council, Big Society Capital with a team including Thomas Quoroll (Picture – Investment Fund – Assets Management).

The Archbishop’s Council, Big Society Capital, MFS Investment Management and Treebeard Trust will join founding investor the Fusion21 Foundation, taking funds raised to date to £21.5m (including follow-on commitments). 

The Recovery Loan Fund will enable SIB to continue to make an existing Government guarantee scheme, the Recovery Loan Scheme, more easily accessible to charities and social enterprises who have been impacted by the Covid-19 pandemic and need funds to help them to recover, adapt and grow – allowing them to continue to serve their communities in need.

SIB provides finance to create fairer communities and improve people’s lives. Since 2002, SIB has deployed and managed over £500m of loans and grants, directly supporting more than 3,000 charities and social enterprises.

The Linklaters team comprised of partner Tom Quoroll (Picture) and associates Marco Moraes and Ashley Chan.

Involved fees earner: Ashley Chan – Linklaters; Marco Moraes – Linklaters; Thomas Quoroll – Linklaters;

Law Firms: Linklaters;

Clients: Archbishop’s Council; Big Society Capital;

Author: Giulia Di Palma