Challenge
The growing social enterprise market in Scotland has created many opportunities, but there is still a need for education, support and the availability of appropriate finance.
Approach
This fund investment builds on the success of the initial Social Growth Fund, making more capital available to the growing social economy in Scotland.
The fund
The Fund provides flexible and longer-term debt funding for social enterprises and charities in Scotland, supporting them to expand their activities and increase their resilience.
The Fund addresses the lack of appropriate funding for these types of organisations in Scotland, offering a range of different loan types up to a maximum term of 15 years.
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Fund size
£17 million -
Big Society Capital commitment
£8 million
Key information
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Geography
Scotland -
Investment type
Enterprise debt -
Fund manager
Social Investment Scotland -
Investment status
Current -
Investment date
2019 -
Term
18.5 years
Sustainable development goals
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1: No Poverty End poverty in all its forms everywhere -
3: Good Health and Well-being Ensure healthy lives and promote well-being for all at all ages -
7: Affordable and Clean Energy Ensure access to affordable, reliable, sustainable and modern energy for all -
8: Decent Work and Economic Growth Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all -
10: Reduced Inequality Reduce inequality within and among countries -
11: Sustainable Cities and Communities Make cities and human settlements inclusive, safe, resilient and sustainable -
12: Responsible Consumption and Production Ensure sustainable consumption and production patterns