EMERGENCY BRIDGING LOAN – FUND

1. Title: EMERGENCY BRIDGING LOAN – FUND2. Awarding Authority: Kent Community Foundation, GB. Web: 3. Contract type: Service contract4. Description: The Awarding Authority has introduced a Coronavirus Emergency Bridging Loan in addition to the KCF Coronavirus Emergency Fund.Introduced as part of Kent Community Foundation’s social lending programme, a Coronavirus Emergency Bridging Loan is an unsecured loan of up to £60,000 available to charities, Community Interest Companies (CICs) and Interest Incorporated Organisations (CIOs) in Kent and Medway, specifically t bridge the gap in funding as a result of coronavirus.Introduced as part of Kent Community Foundation’s social lending programme, these unsecured loans have been launched in response to the significant losses in income that charities and groups continue to experience due to the interruption of ‘business as usual’. These loans are intended to fill gaps in lost income and offer an immediate six-month payment holiday if required.The first Emergency Loan, for £60,000, was arranged in less the two weeks.The KCF Coronavirus Emergency Fund has now distributed £850,000 to 241 good causes across Kent and Medway, including many helping to feed families in need.In a typical year, Kent Community Foundation would normally award around £50,000 to food distribution projects as well as £40,000 to cookery projects including those supporting healthy eating. By comparison, since the county went into lockdown, on 23 March, the Foundation has awarded £200,000, more than twice the usual amount awarded in a year, to projects helping to feed families in Kent and Medway.5. CPV Code(s): 66190000, 661000006. NUTS code(s): UKJ, UKJ4, UKJ457. Main site or location of works, main place of delivery or main place of performance: Kent and Medway.8. Reference attributed by awarding authority: Not provided.9. Estimated value of requirement: Introduced as part of Kent Community Foundation’s social lending programme, a Coronavirus Emergency Bridging Loan is an unsecured loan of up to £60,000 available to charities, Community Interest Companies (CICs) and Interest Incorporated Organisations (CIOs) in Kent and Medway, specifically t bridge the gap in funding as a result of coronavirus.10. As no deadline date has been specified please contact the awarding authority for further information11. Address to which they must be sent: For further information and instructions in the above contract notice please visit website: # funding opportunity# COVID-19