LOCAL INVESTMENT FUND

The Local Investment Fund (LIF) is a £3 million loan fund, established in 1994 through a partnership between the Department of the Environment and the private sector. The Fund has been established to provide loans (unlike the Community Investment Fund which makes grants) of between £25,000 and £250,000 to economically viable enterprises operated by voluntary organisations in areas in need of regeneration in England where loans can't be raised on reasonable terms from conventional market sources.

The Fund will make loans to community based enterprises which can demonstrate economic viability.This means that the borrower must be able to pay the interest and repay the capital when these are due. In general LIF money is lent at current commercial rates.

The LIF will be looking to support initiatives for general charitable purposes which:

• enhance employment prospects, or
• improve the competitiveness of the local economy, or
• improve housing, or
• promote initiatives of benefit to ethnic minorities, or
• prevent crime and improve community safety, or
• protect and improve the environment and infrastructure, or
• enhance the quality of life of local people, including their health, cultural and sports activities.

For further information contact:
The Local Investment Fund, c/o Business in the Community, 44 Baker Street, London, W1M 1DH.
Telephone: 0207 224 1600.

Business in the Community (North West), PO BOX 30, New Town House, Buttermarket Street, Warrington, WA1 2QG.
Telephone: 01925 239625.
Fax: 01925 239657.

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