The Catalyst Fund is a new type of social investment offering loans through a flexible, revenue-based repayment model.
The fund is open all year round for social enterprises looking for a social investment of over £50,000 to help them start and grow their business.
If you are interested in applying for the Catalyst Fund, the first step is to attend one of our information webinars and submit a note of interest.

Eligibility

Any ambitious social enterprises in Scotland that have the potential to deliver significant social impact but are unable to access existing social investment products are welcome to apply. For example, start-ups with significant setup costs or scale-up costs that need more time to generate income before paying back their loans. Your enterprise also:

• aims to provide direct social benefit to individuals, communities and/or the environment. (Firstport does not fund enterprises whose main activities are directed at providing benefits to other organisations.)
• is up and running and able to provide evidence of potential income generation and social impact.
• Profits from the enterprise are reinvested in the business and its social aims. No assets or uncapped dividends may be transferred out of the organisation to private individuals or bodies. Note: you (and any other individuals working for the enterprise) will still be able to take a fixed salary, but profits generated on top of this must be reinvested.
• has considered other forms or providers of investment to fund projects/businesses. (eg banks, other social investors, angel investment). It is important that you consider whether other social investment products available might be suitable for your enterprise.

Application Process

To apply, you should attend an information webinar. After attending, if you think the fund is right for you, complete an Expression of Interest online. The next information webinar will be on:

• Tuesday 21st June, 2pm – Register here.
• Tuesday 26^th July, 12noon – Register here.
• Thursday 25^th August, 10am – Register here.
• Wednesday 21^st September, 4pm – Register here.
• Monday 17^th October, 2pm – Register here.
• Friday 18^th November, 10am – Register here.
• Tuesday 13^th December, 11am – Register here.

You will be then contacted within 3 days once submitted your expression of interest for advice on the next steps.