# £100,000 loan from Venturesome for Arch

- Link: https://fundraising.co.uk/2008/11/01/100000-loan-venturesome-arch/
- Published: 2008-11-01T07:49:09+00:00
- Author: Howard Lake

North Staffordshire-based charity Arch, which provides support and accommodation
for homeless people, has received a £100,000 unsecured loan from Venturesome, the
social investment arm of the Charities Aid Foundation (CAF).

The current credit crunch has made it difficult for Arch to get the funding necessary
to meet the rise in the number of people needing their services.

Linda Thomas, Chief Executive of [Arch](http://www.archnorthstaffs.org.uk), said:“
Today, more and more people need our help and the money required to meet that demand
is becoming increasingly scarce, so it is a massive help to receive this investment
from Venturesome.”

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John Kingston, Director of Venturesome, said: “Communities all over the UK need 
charities like Arch. We are really pleased to be able to offer them this investment
at a time when more people need them. Arch isn’t alone: recent research by the Charities
Aid Foundation shows that 72% of charities have seen an increase in demand for their
services because of the economic slowdown.”

www.cafonline.org/default.aspx?Page=6903

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