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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.
Welcome to our monthly Guest Spot.  Each month, SCRT will be asking someone to submit an article that might be of interest to our readers. This month is about measuring impact. Impact investing and social impact are quickly becoming the buzz words within the social investment arena and are coming to inform social investment decision making. But For WhomHow, If and What we measure are important aspects that are increasingly imposed rather than discussed and decided by the sector.  This month Alan Kay from Social Audit Network asks 'If a financial figure should be placed on ALL the social impacts made by a social enterprise'. ....Read Alan's article

Results of Community Shares Scotland 18 months review.

Comunity Shares Scotland have announced that in the 18months since it was established £3.2million have been raised via Community Shares. This has included money for housing; pubs & shops; harbours and food & farming in addition to energy projects....Read More

74% of UK social enterprises (68% in Scotland), pay the Living Wage

On the back of the Scottish Social Enterprise Survey a recent survey by Social Enterprise UK shows that three quarters of social enterprises across the UK pay the living wage. Most respondents state their reason for doing so as a responsible thing for good employers and responsible businesses to do...Read More

The SCRT model is about third sector organisations reinvesting in other organisations within the sector. In December 2015, we saw a very real example of that when The Phone Co-op invested some of its surplus directly into the HCT Group.

Vivian Woodell CEO of The Phone Co-op said "We are happy to be using surplus capital to support another social enterprise that is providing public transport, something we actively try to use, and with an organisation that shares our values. We see social enterprises co-supporting each other in this way as an example of the type of alternative economy we'd like to encourage and grow."
....Read More

Resonance SITR linked Social Investment Bristol Fund raises £1.5m.

Resonance hopes that the Bristol fund will eventually raise £5m by the end of 2016. The initial £1.5m will be used to fund Bristol based social enterprises. Linked to SITR, the fund offers a very attractive post tax Internal Rate of Return of approximately 8%  In todays market that is very attractive return for investors. But it will be interesting to see how affordable those social enterprises wishing to borrow from this fund will find it...Read More

Why do some Social Investments Fail?

Social Investor CAF Venturesome decided 2 years ago to review the reasons why some of their social investments fail. They reviewed 400+ of their deals of which only 32 failed to pay any of the investment back or only paid a portion or the investment back. This represents a very small default rate of 1:12 with a similar ratio for the value of capital written-off...Read More 

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

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