Project Focus: Loan finance   

As you grow, your organisation may need larger sums of money to travel down the road to financial sustainability. The CIP offers loan finance to Cylch members to help you grow or diversify your business operations.

Terms and interest rates will be flexible to make sure that any investment package is affordable and will only be offered if this is something that will benefit your organisation. Asset finance packages may be available to help finance specific equipment needs. Several organisations have already been supported through loan finance;

Moelyci Environmental Centre (photo below left), which manages a community based farm in Bangor, Wales, aims to create local community regeneration through organic farming, waste management and recreation. The team at Moelyci Farm is intending to convert a barn into a field study community centre, using ecological methods. CIP provided funding of £50,000 to provide cash flow as the organisation undertook the refurbishment and development of a barn.

Sundance Renewables (photo below right) is a workers co-operative social enterprise and manufactures biodiesel from used cooking oil taken from across Wales. Sundance is taking a community based social marketing approach to encourage more individuals and organisations across Wales to use biodiesel to cut their carbon footprints by over 90%.

With the provision of a £40,000 loan over three years for the purchase of a second processing site, and a £10,000 grant to develop a renewable heating fuel, Sundance endeavours to stay at the forefront of sustainable fuels.