Applicant Eligibility, applicants must demonstrate the following: 

  • They have been granted refugee status 
  • They are recent arrivals to the UK 
  • They are geographically stable and settled 
  • They have permission to and are able to work 
  • They have adequate English language and digital literacy
  • They have professional skills they are able to evidence by documentation, or demonstrate in an interview 

 

Eligible costs, the loan is to be used for the following purposes:

  • Seed capital for business startups and business development  
  • Expenses relating to professional re-qualification and accreditation

 (if unsure whether your costs are eligible, please send us an email to enquire)

 

Loan Parameters:  

  • There is no interest associated with the RRS
  • There are no fees of any kind, and you will not be asked for any upfront payments 
  • The loan amount is repayable by the beneficiary and the maximum amount is that of the sum originally borrowed
  • The 'grace period' is between 3 and 24 months and will be detailed in the offer letter prior signing the loan agreement
  • The term (duration) of the RRS loan is not fixed and will be determined based on feasibility of repayment (affordability)
  • Repayments are to be ‘recycled’, i.e. to be used to make further loans to other beneficiaries
  • Repeat loans will be considered in some circumstances 
  • There is no requirement for collateral
  • There is no requirement for equity
  • There is no requirement for guarantor
  • Maximum and minimum amounts of the RRS will be set on individual basis and determined by the purposes for which the funds are to be used

 

About us

The Barry Family Foundation, registered charity 1155467

Registered address: 19 Newman Street London W1T 1PF

Data protection registered  e-mail: sjb@restartrefugeesupport.org

  

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