Unique lending: to co-ops, from co-ops.
Setting up a new enterprise? Moving premises?
Buying new equipment? Expanding membership?
We welcome applications from new and existing co-ops based in the UK.
- Unique understanding of co-operatives
- Unsecured loans with no personal guarantees
- No set lending terms (flexible between 1-20 years)
- Loans between £10,000 and £85,000
- Interest charged on reducing balance
- Ongoing support throughout the term of the loan
Who We’ve Helped
(sort by category)
- Care and Wellbeing
- Co-op Loan Fund
- Community Ownership
- Employee Ownership
- Food and Farming
- Sport and leisure
- Worker Co-ops
Work has started on the development of a 15-acre site on the edge of Sheffield as a community-owned market garden to supply the city with organic fruit and vegetables. Co-op Loan Fund has provided the multi-faceted Regather Co-operative with loan finance to expand its food production operation. Regather Co-operative provides a range of inter-related services […]
Blake House Cooperative is set for growth having just moved into new premises and taken out a loan from Co-op Loan Fund. The London-based film-makers have achieved a lot since incorporating in 2015. The worker co-operative, which at one time operated from cafes, libraries and living rooms, has recently moved from a small, temporary office […]
One of the UK’s longest established and most successful social enterprise development agencies is opening two new commercial kitchens and cafes in London, north and south of the Thames, that will provide training and business incubation, as well as good food and refreshments. Co-op Loan Fund and Big Issue Invest have provided Greenwich Co-operative Development […]
One of the UK’s more unusual new co-ops is getting ready to launch, with a little help from Co-op Loan Fund. The Security Professionals Support Co-operative (SPSC), based in Tyneside, aims to improve the working situations of all security personnel, from bouncers to bodyguards, by providing access to training, insurance, legal protection and accountancy. It […]
Three years after the employees bought the business, there is plenty of work at one of the last traditional foundries in Scotland. Co-op Loan Fund is helping it adapt to the challenges of growth. Specialised Castings in Denny, near Falkirk, is one of just two iron foundries left in central Scotland, which was once the […]
A co-operative that brings together freelances, small businesses and community organisations is about to transform a five-floor building in the independent fringe of the centre of Bradford. The building at 14 North Parade, which has been empty for over a year, will include studio, office and meeting space for co-working, and a café with commercial […]
Co-operatives are known for being innovative and Co-op Loan Fund’s latest borrower is certainly that. It is also very unusual. Hempen, based near Reading, is the leading grower and producer of organic hemp CBD (cannabidiol) products in the UK. The worker co-op, which has six members and six volunteers, has been developing since 2015 By […]
A consultancy co-operative with offices in Newcastle and Glasgow has extended its reach across the UK with help from Co-op Loan Fund. Centrifuge Consulting provides a range of social and economic consultancy mostly to local authorities and other public sector organisations. Its work includes developing business cases, securing funding, designing and delivering policies and projects, […]
Software development company Co-operative Web is an excellent example of how supportive finance from Co-op Loan Fund can help with business growth. The Birmingham-based workers’ co-operative builds systems, web applications and content-managed solutions across a range of technical platforms. It works with many different types of business from small social enterprises to large multi-nationals. Its […]
We’re making the UK’s co-operative sector stronger by providing ethical, accessible loan finance.
Sympathetic to your co-op’s needs
We lend money exclusively to co-operatives. Our approach to lending is ethical, accessible and sympathetic to your co-op’s needs. Co-op Loan Fund is entirely funded and run by co-ops, so unlike many conventional lenders we truly understand and actively support democratically owned and controlled enterprises. We reinvest any surpluses into the fund to continue this support.
Loan applications are welcome from new and existing co-operatives based in the UK that need between £10,000 – £85,000 of loan finance to:
• Set up as a new co-operative
• Expand their size and scope
• Assist an employee buyout or company succession
• Purchase a property or business
• Purchase capital equipment or create working capital
Loans are only available to economically viable co-operatives registered in the UK.
Co-op Loan Fund is able to make unsecured loans, but will take security if available. We do not take personal guarantees on loans.
There is no set lending term, as far as is possible loans will be tailored to the business and the capacity to make repayments. The maximum term is usually 10 years.
Co-op Loan Fund is able to make loans that are flexibly tailored to meet your requirements. Lending by Co-op Loan Fund will be at or near market terms.
Co-operation among co-operatives
Co-op Loan Fund was set up to strengthen the size and scope of the co-operative sector through the provision of ethical, accessible loan finance. It is funded and run by co-operatives with the specific aim of helping other co-operatives – a practical example of the principle of co-operation among co-operatives.
Structure, governance and management
Co-op Loan Fund is a company limited by guarantee. It is overseen by a board of directors who represent the funding societies and other co-operative organisations. Board meetings are usually held four times a year.
The day-to-day management of Co-op Loan Fund is conducted by Co-operative & Community Finance, an independent organisation that is authorised and regulated by the Financial Services Authority (FSA) in the conduct of investment business.
Co-operative & Community Finance has been providing loan finance for co-operatives, employee-owned businesses and social enterprises since 1973.
Making a donation
We would welcome donations from any co-operative that want to support the work of the fund. Co-operatives that make donations of over £50,000 may appoint a representative to the board if they wish. Co-operatives making small donations will also benefit from publicity.
If you wish to discuss making a donation please contact Ian Rothwell (firstname.lastname@example.org or 023 8023 1123).