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Welcome to SCRT's monthly bulletin focusing on all things social finance; social investment and social banking. JOIN US...If you are interested in our work then there are two main ways to show your support. Organisations can take out free membership of SCRT.  We now also have a new Associate membership category for organisations and individuals not eligible for Full membership.  All organisations and individuals working in the Scottish Third Sector can also open an Anchor Deposit Account in conjunction with ASB
SCRT held the first conference in Scotland on Social Finance: Social Investment and Social Banking last Thursday. Opened by John Swinney MSP who encouraged the sector to ‘proceed until apprehended’ - the conference heard from speakers from other countries with a vast experience of the sector. The afternoon concluded with Airdrie Savings Bank CEO Rod Ashley reminding delegates of ASB's two founding mission statements (1835) - ‘a safe home for your money to promote the care and welfare of society’ and ‘funds raised locally should always be available for local use’. These continue to be the guiding principles of ASB as it seeks to become the ‘bank of the third sector and for the third sector’.
One of the key themes to emerge from the conference was the need to come together to make change happen. This chimes with SCRT's own guiding principle to pool and harness the resources of the Scottish third sector in order to strengthen our financial resilience and magnify our collective impact at a national level..See presentations here

Will 'Non Profit' and 'Profit with Purpose' companies make comfortable bed fellows?

The emergence around the social enterprise sector of 'B' Corps and 'Profit with Purpose' businesses is a fairly recent phenomenon and this article argues that it is too early to determine if the social enterprise tent is broad enough to allow both. But is a profit with purpose organisation or a B Corp.  a social enterprise or a business with enhanced CSR....Read More

SCVO has secured a commitment for a distinct Scottish regulation system from OSCR and the Scottish Government

Many readers will be aware of the ongoing charitable fundraising issues in the news over the last number of months, particularly the death of Olive Cooke and Kiltwalk. Sir Stewart Etherington undertook a UK review of fundraising system in July with the SCVO undertaking an informal review in the Scottish context. It now seems as if the Scotland approach to regulation will differ from that adopted down south...Read More

SCRT has argued from the outset that the money available to the third sector is inappropriate for a variety of reasons including cost, scale and complexity.  It would appear that others with long term involvement in the sector has similar concerns.  In this article Robbie Davison writes that the 'money within the social finance marketplace is still the wrong money to tackle social need'. It also claims that the money available is social finance (ie short term) debt and not social investment (ie long term patient capital) or similar...Read More

Social Enterprise Reformers Vs Transformers?

We tend to think of Americans as inherently more market orientated than the Europeans. But this interesting article claims, much like the UK, there is a battle going on for the soul of social enterprise.  There are those who see social enterprise as a way of reforming our current economic system whilst others see it as a way of transforming it completely. With an organisations approach to social and financial criteria determining the way ahead...Read More

2015 Interim Summary shows growth in the sector.

The CDFA which has rebranded as Responsible Finance has released interim figures for 2015. This shows that in 2015 there was £251m lent by its members a 45% increase on 2014. 
Growth to social enterprises was up by 60% to £126m and was lent to 450 social enterprises.
The report predicts that lending by its members will rise to £1.9bn by 2020...Read More

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