Cost-of-Living Crisis: Big Issue Invest to offer Big Energy Saving Loans to charities and social enterprises in England

Big Issue Invest has announced that it will offer loans to charities and social enterprises struggling with rising energy costs.

In a bid to help businesses for social good find long-term solutions rather than a short-term fix, Big Issue Invest, the investment arm of the Big Issue Group, is now offering loans of up to £150,000 for organisations to install measures such as more efficient lights, insulation or heat pumps to keep costs down.

Big Energy Saving Loans are available for social enterprises and charities in England, ranging from £20,000 to £150,000 and can be also used for installing renewable energy equipment.

Additionally, permanent, money-saving improvements such as replacing old boilers, or replacing single-glazed windows can also be funded with the loans.

Social enterprises and charities will need to show a clear energy saving case, and an ability to repay the loan. More details on how to access the loan programme can be found on the Big Issue website.

Source: UK Fundraising