We will continue to be a fundraiser as well as a funding distributor, looking at how we can lever in new finance for historic building reuse.
In terms of lending funds, our endowment fund will remain open to organisations bringing forward projects and will continue to have a clear emphasis on heritage impact. It will remain flexible on loan term length, including longer term finance where needed. The Heritage Impact Fund will remain a source of loan funding for delivering both heritage and social impact, typically for loans of up to 5 years. We aim to grow both funds during the lifetime of this Strategy, with the primary aim of expanding the HIF to around £15m.