Local Investment Fund takes new name

A loan fund that invests in social enterprise in England rebrands today with a new name, website and organisational structure.

The Local Investment Fund, which has created £2m of private investment and £7m of loans for social enterprises over the past 14 years, has changed its name to the Social Enterprise Loan Fund.

The new fund is a joint venture between the Communities and Local Government department and a private sector group led by NatWest. It hopes to double the size of its loan portfolio over the next three years.

"We have significant experience in providing loan finance to not-for-profit community enterprises," said Mike Baker, chief executive of the loan fund. "The new Social Enterprise Loan Fund will provide more funds to more social enterprises and we hope we can do this in more parts of the country."

The organisation's new website, www.tself.org.uk, is designed to provide guidance and help to social enterprises.

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