First Steps Enterprise Fund (FSEF) is a £300,000 pilot fund to support community organisations. The fund is for community organisations (charities and social enterprises) based in England that are looking to take on their first loan to help them grow and become more sustainable. 
Particular preference is given to organisations that work in the following areas:
• Older people
• Health and wellbeing
• Employment for young people
Funding packages of up to £30,000* are available (90% loan and 10% grant). The loan element is charged at 5% (fixed) to be repaid over a period of 4 years with an optional capital holiday for the first year.
*up to £50,000 is available for exceptional cases.
This programme is open to community organisations that:
• Are based and work in England
• Have been operating for at least one year
• Can provide evidence of need for and benefit to their local community
To apply the first step is to fill out the online Expression of Interest. If you meet the fund's criteria you will be contacted for a chat about your proposal. This will be followed by an assessment visit. You application will then be put to the investment committee.
For further information and to apply, visit: www.sibgroup.org.uk/firststeps