Social Investment Scotland (SIS), Scotland’s leading lender to the third sector, has invested £400k in seven social enterprises, including one based in Edinburgh.
The lender raised the money through its social investment fund – otherwise known as SIS Community Capital – which generated £400,000 entirely from private investors.
Its beneficiaries, which SIS says are all making a significant social or environmental impact within their local communities and have each secured investment of between £25k ad £100k from a group of 27 private investors, are:
The Edinburgh Sculpture Workshop, which has received £25,000 to fit out a new café space which has now been leased out to increase footfall and generation income
Street League, which has received £100,000 to fund a new mobile team running rural academies across Scotland, helping to tackle youth unemployment through a structured football and education programme
Just Trading Scotland, which has received £100,000 to fund and facilitate a step change in its growth as part of a re-branding and repackaging exercise to reach a wider retail market, providing smallholder farmers and craft workers and fair way to sell their goods
Broxburn United Sports Club, which has received £50,000 towards the funding of a new community wing within its facility at Albyn Park, providing the community access to a range of social, health and well-being programmes
MacDougall of Dunollie Preservation Trust in Argyll & Bute, which has received £30,000 to develop its ‘heritage experience’ operation, providing more learning and volunteering opportunities for the local community.
The Scottish Traditional Boat Festival in Aberdeenshire, which has received £50,000 to support its transition from grant dependence to trading by taking on a 25 bed bunkhouse, continuing to ensure ownership and restoration of local facilities for the good of the community