Key Fund
Flexible Finance Fund

Key Fund was formed in 1999 by a group of community activists aiming to address the economic and social changes stemming from the demise of the steel and coal industries in South Yorkshire. The organization began as an exclusively grant-making institution focused on the issuance of small capital grants (< £10k) with funding provided by the European Union, but has since evolved to offer a broader range of funding options (i.e. blended grants/debt, stand-alone debt and equity) to social enterprises and non-profits. In 2010, Key Fund expanded its geographic reach and now serves the whole of the North of England.We committed $750K to a new Key Fund initiative known as the Flexible Finance Fund. This fund will provide revolving credit facilities up to £150k to help businesses rebuild trading activity and negotiate uncertain cash flows in the wake of COVID. It is a $3M blended finance facility with $1.5M raised via grant from the Access Foundation and matching loan capital provided by ourselves and Big Society Capital.