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Welcome to SCRT's monthly bulletin focusing on social finance; social investment and social banking. JOIN US...If you are interested in our work then why not join our 150 members and take out SCRT free membership or associate membership.  All organisations and individuals working or volunteering in the Scottish third sector can also open an Anchor Deposit Account offered in conjunction with Airdrie Savings Bank and giving you the opportunity to bank with an ethical bank whilst supporting the Scottish third sector.
 
 

SIS's Community Capital Fund invests £400k in seven organisations

In May 2015 SIS launched the Community Capital Fund for private investors interested in supporting the third sector. It was the first SIS fund that allowed investors to secure 30% Social Investment Tax Relief (SITR) on their investment. Nearly a year later the fund money has been invested in seven organisations with investments very much in keeping with the needs of the sector - the interest rate is lower than most SI available; its unsecured money and its medium term patient capital...Read More

The rise and rise of Community Shares

On the 19th April the Glenwyvis Distillery Community Benefit Society launched a £1.5m Community Share offer to create a community owned whisky distillery.  By far the largest community share offer seen in Scotland, it has already raised £517,174 from investors. It is clear that community share offers are tapping a rich vein of interest from locals and others to invest in community facilities.  The community investment model is clearly working across Scotland, and SCRT would love to see this level of interest and financial investment by the third sector community back into the third sector....Read More

Charities losing an average of 11% on government contracts
It's been clear for sometime that charities were walking away from government contracts (see Barnardos Oct15) because they are struggling with making the contracts work financially.  The scale of the loss on these contracts has now been estimated at 11% for larger charities and amid real concern that charities are subsidising the public sector, the sector is calling for a review of the procurement process.  As lots of charities use contracts to secure investment, this is a worrying trend....Read More

Access - The Foundation for Social Investment

Launched only twelve months ago with a remit to make social investment more relevant to English third sector organisations, it would appear that the Access Foundation has spent the last year trying to understand what the sector actually needs from SI. The CEO of Access lists the main barriers to SI as: Cost of money; Size of loans; Difficult terminology and the Product range.  Interestingly, these barriers are nearly exactly the same as identified in the 2013 SCRT research...Read More

Social Investment for Social Change:
Putting your wallet where your heart is.

St Paul's Institute seeks to engage the financial world on questions of morality and ethics and how they relate to finance and the economy. The Institute is linked to St Paul's Cathedral which became synonymous with the London Occupy movement when that protest was played out on the steps of the Cathedral in 2011.  Here the Institute discusses the role social investment has in re-shaping a kinder, more socially responsible capitalism...Read More 

Copyright © 2016 Scottish Community Re-Investment Trust, All rights reserved.


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