Architectural Heritage Fund: Heritage Impact Fund
Overview
The HIF will be managed by the AHF and will offer tailored finance for charities, social enterprises and community businesses across the UK seeking to acquire, reuse or redevelop buildings which are of historic or architectural importance - these may be buildings which are listed, in a conservation area, or may be of special significance to the community.
It will also provide assistance to those projects which need additional advice and guidance to support sustainable business change, transition or expansion and will be particularly targeted at applicants who are completing a capital project or are looking to build upon or scale-up their existing enterprise. As well as delivering projects that support the sustainability of historic buildings, the HIF will support organisations that are seeking to deliver demonstrable local economic and community impact; advice from the AHF will assist borrowers with assessing their impact.
HIF Loan Support
They are offering loans from £25,000 to £500,000 for up to three years with tailored terms and both flexible and incentivised interest rates for impactful projects. These could include both capital and interest repayment holidays.
They support applicants across the UK who are undertaking a capital project or are looking to build upon or scale-up an existing enterprise.
Business Support
They are able to offer additional expert support, advice and mentoring to applicants to support sustainable business change and to help drive their long-term social and economic impact through our capacity building service: RePlan.
Impact
The HIF offers incentivised terms to provide greater assistance to those organisations and projects that will deliver enhanced local economic and community impact. Our terms are flexible and competitive, with rates and fees which vary depending upon your circumstances. The headline interest rate is 6%.
They can also offer assistance in helping you assess the impact of your project.
Who can apply?
They provide funds to applicants across the UK seeking to acquire, reuse or redevelop buildings which are of historic or architectural importance - these may be buildings which are listed, in a Conservation Area, or may be of special significance to the community. The end use should be financially viable and help support the objectives of the organisation and provide impact to or benefits for the communities in which the buildings are based.
To apply, you must be a formally constituted and incorporated charity, community business or social enterprise whose members have limited liability.
The long-term viability of any project or enterprise is as crucial to them when considering an application as it is to you, and so our loans usually require some form of security, most usually a first legal charge. However, in certain circumstances They are able to offer loans where no security is available.
See the website for the most up to date details.