# Fredericks Foundation launches £2 million fund for entrepreneurial women

- Link: https://fundraising.co.uk/2017/09/27/fredericks-foundation-launches-2m-fund-entrepreneurial-women/
- Published: 2017-09-27T07:11:24+01:00
- Author: Melanie May

**Fredericks Foundation launches Women’s Loan Fund today, a £2 million fund available
to disadvantaged women with a viable business plan who want to launch a new business
or need support to develop an existing one.**

[Fredericks Foundation](http://www.fredericksfoundation.org) provides microloans
and ongoing business support to people who are seeking to start or grow their own
business but cannot obtain mainstream finance. Through the [Women’s Loan Fund](http://www.fredericksfoundation.org/the-womens-fund/),
the charity will provide loans of up to £10,000 for start-ups and follow-on loans
of up to £35,000 to cash-poor women entrepreneurs. As well as financial support,
each entrepreneur will also benefit from specialist mentors who will guide and help
borrowers to develop and grow their businesses.

Duncan Parker, CEO at Fredericks Foundation said:

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> “We have created this special fund for women entrepreneurs who can’t access mainstream
> financing because of the lack of available finance given to female entrepreneurs,
> and the social impact of lending to women is greater. Their families and communities
> have higher chances of becoming successful and thrive when women achieve a reliable
> income.
> “Fredericks Foundation aims to help an increasing number of families and communities
> to move away from a life of financial dependency on benefits and empower them 
> to increase confidence in their future, self-esteem and new skills.”

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