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 have a new Associate Membership category for organisations and individuals not eligible for Full Membership. All organisations and individuals working in the sector can, however, open anAnchor Deposit Account.
Welcome to SCRT's August 2015 Bulletin
We are delighted to announce Scotland's first Social Finance: Social Investment: Social Banking conference is happening in Edinburgh on Thursday 19th November 2015. With a strapline "What makes them Social?" the conference will bring to Scotland practitioners from other countries to discuss what is happening around the globe and in Scotland. With a range of different prices to suit the pockets of members and non-members we hope the conference will offer a real insight into the world of social investment. Watch this space for more information.
Our first bulletin after the summer break features Social Bite co-founder on why he operates a 'pure' form of social enterprise: America's first SIB fails: OSCR on banking and charities: BSC Transparency debate continues: ISB & INAISE Call to Action for a sustainable financial infrastructure: UBS offers customers new Social Investment Fund
Social Bite co-founder puts the 'purity' of his model ahead of growth.
Josh Littlejohn co-founder of 'Social Bite' the catering and sandwich social enterprise explains why he runs it in a very ethical model manner. Littlejohn says that giving away a part of the business via equity stakes in order to secure investment to pursue growth "immediately dilutes your thinking". He argues that it is important that the pay of those at the top is a fair ratio to those on lowest pay...Read More
America's First Social Impact Bond closes early.
In the short time since the creation of Social Impact Bonds (SIBs) the model has spread across the world despite the real concerns of many commentators about the model. Over the summer America's first SIB failed. Set up to address recidivism in the prison population the funders Goldman Sachs pulled the plug a year early due to very poor results ...Read More
OSCR steps into the debate about the poor service charities receive from banks.
One of the drivers for the establishment of SCRT was the poor unresponsive banking services provided to the third sector. OSCR's own evidence would indicate that there is a problem in how banks treat charities which it now seeks to address. However, the relationship between banks and charities is about much more than receiving good services. In an environment of ongoing financial crisis, the third sector should be ensuring that it's financial assets and banking needs are aligned with the values of the sector....Read More
BSC Conversation about Transparency continues.
Before the summer Big Society Capital produced a consultation document on how it intends to operate in a more open and transparent manner. SCRT board member and Director of Small Change Ltd Niamh Goggin offers her thoughts on how BSC could improve its transparency to the betterment of its customers and the wider third sector....Read More
UNEP Inquiry into the Design of a Sustainable Financial System.
In 2014 the United Nations Environment Programme recognised that the current financial system was not consistent with sustainable development. It launched an inquiry to explore and develop policy options for aligning the financial system with the need for sustainable development. SCRT's colleagues at the Institute of Social Banking and at International Association of Investors in the Social Economy compiled a response to UNEP and has issued a Call to Action for a different type of financial infrastructure...Read More
Swiss Bank UBS Wealth Management Unit sponsors new UK Social Investment Fund.
Run in conjunction with London based Resonance, the new Social Investment Fund will be eligible for Social Investment Tax Relief and is offering a post tax return of 8%. That is an extremely attractive rate of return given the current base rate of 0.5% and it calls into question the real motives of those investing that such high returns are needed to entice them to invest in the sector....Read More
SCRT IS MOVING.
Our new Edinburgh address is :
21 Walker Street, Edinburgh EH3 7HX.
Please accept our apologies if you are struggling to phone us or cannot make contact via email. We will be back to normal on September 3rd.