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Social Investment Scotland


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An overview of what we are all about, how we work, what social investment is and how we could help your organisation or social business.

Published in: Business, Economy & Finance
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Social Investment Scotland

  1. 1. Who we are• We are the largest Community Development Finance Institution in Scotland andone of the largest in the UK, holding a pioneering role in social finance• We are the largest not for profit provider of business loans to the third sector inScotland as well as a social enterprise and registered charity in our own right• Our aim is to connect capital with communities by offering flexible loans thatare specifically tailored to the third sector organisations
  2. 2. Our Impact• We support the creation and growth of charities, community organisationsand social enterprises with loans and other repayable investment.• Over the last 10 years our loan funds have assisted almost 180charities, community organisations and social enterprises across Scotlandproviding investment totalling just under £43 million.• We invest in third sector organisations that have the capability to makesustainable social impacts, and therefore, SIS supports local jobcreation, community engagement and economic development nationwide.
  3. 3. Our ProductsAll Purpose LoanRepayable over a maximum of 10 years, our All Purpose Loan has a fixed interest rate and capitalpayments so organisations know exactly what they are required to pay each monthBridging LoanShort term finance provided at short notice which is ideal for timing issues of approved grant moniesSIS/Triodos Property LoanWorking in partnership with Triodos Bank we provide term loans up to a maximum 10 yearsSIS Community RenewablesLoan finance of up to £250,000 over a repayment period of up to 10 yearsSocial Investment is the provision of repayable finance to charities and othersocial organisations. We offer business loans are flexible and tailoredspecifically to the organisations’ needs.
  4. 4. Who is eligibleWe invest in third sector organisations that have the capability to makesustainable social impacts.These must… be based and operate in Scotland operate within the Scottish Third Sector i.e. charities, community andvoluntary organisations, non-profits and social enterprises reinvest their profits for community benefit be allowed to borrow under their organisation‟s constitution
  5. 5. Application Process6• A member of our investment team will work with the organisation to puttogether the most suitable finance package.• For this we ideally like to see a business plan, last three years annualaccounts, up to date management accounts and any cash flowforecasts/projections.• Dont worry if you dont have any of these at this stage or are looking forfinance for a new project as we can discuss this with you as things progress.• You will be allocated an investment manager who will chat through yourplans in more detail• If happy to proceed, they will take your investment proposal to our creditpanel for approval and provide you with full details of the terms andconditions plus a legal facility documentation to be signed.• Upon receipt of the signed facility letters along other required documents andlegal sign off, we will provide your loan by BACS transfer.
  6. 6. 1. All Purpose Loan• Our most standard and flexible loan• Repayable over a maximum of 10 years• Fixed interest rate and capital payments• Ideal for assisting with capital expenditure, revenuefunding, marketing, business development or working capital• Loans range from £10,000 to £250,000 with no penalty for partial or fullearly repayment
  7. 7. 2. Bridging LoanCase Study: Scottish Emergency Rider Volunteer Service - ScotsERVS“The SIS bridging loan provided us with thefinancial sustainability and security we needed tomaintain our current level of services and facilitateour further necessary investments in specialisttransport equipment. SISs bridging facilityprovided us with a lifeline, ensuring the financialflexibility ScotsERVS need.”Deirdre Kelly, Treasurer, ScotsERVSShort term finance provided at short notice to cover timing issues for receipt ofapproved grant monies to enable a project to proceed when the secured grantfunding is being paid in arrears.
  8. 8. One Stop Property Loan• Triodos Bank and Social InvestmentScotland (SIS) work as a team to offerthird sector organisations theopportunity to buy property• Their One Stop Property Loanprovides the borrower with up to100% of the value of a property orpurchase price, with Triodos Bankoffering up to 70% of the fundingrequired and SIS making up theshortfall“We started trading on the 4th June2012 and the Centre is lookingfabulous inside and out. We nowhave the space to create acommunity for therapists, tutors andstudents, to offer a new MSC coursein February next year and haverented a room out to twocomplimentary therapists. Our 2 yearDiploma and 1 year Certificatecourses starting in September are allfull, so a good start for the newbuilding.”Vicki Woods, The Centre ofTherapy and Counselling Studies
  9. 9. Community Renewables• Communities engaging in renewableenergy projects commonly struggle withraising appropriate finance• There are a number of social investors whohave a growing interest in this area.• These funders can work collaboratively inpartnership to streamline the process –meaning that one may only have to liasewith one funder, who operates on behalf ofthe other funders once they have approvedtheir loan independentlyIn 2012 SIS assisted with the development offive community renewable projects offeringloan finance of up to £250k over a repaymentperiod of up to 10 years.
  10. 10. Scottish Investment Fund• The £28.8m revolving fund was provided by the ScottishGovernment in 2008-2011• Main aim: build capacity, capability and financial sustainability in the Third Sector tosupport the overall national outcomes of the Scottish Government• SIF provides mix of strategic investment and loan funding to organisations consideredInvestment Ready„• Further £3m of investment capital was made available last year and successfullyallocated to seven innovative and pioneering models of social enterprise
  11. 11. Resilient: Start & Grow12• SIS have recently been contracted by Resilient to undertake financialreview of all new applications to the Start & Grow fund• Start & Grow is the first investment package offered by Resilient• It is a loan package with an element of grant funding, to support thedevelopment and growth of both new and existing organisations in 13 localauthorities across Scotland
  12. 12. Where we work - SISIn the last ten years, SIS has supported over 107 organisations in 23of Scotland‟s 32 local authorities with loans of more than £11 million.Projects that have benefited from thefunding are worth in excess of £60 millionand tackle a range of social issuesincluding employment andtraining, health, arts and culture, care andthe environment.
  13. 13. Sectors That BenefitEmployment& TrainingCommunityAssetArts &CultureOtherRenewable energyRecycling/WasteSocialCareSportTransportCDFIChildcareLegalFoodProcessing
  14. 14. Social Impact Report15• In 2012 SIS commissioned FMR Research, an independent socialresearch consultancy, to measure SIS‟ social impact over the last 10years• The research team wrote a detailed Social Impact Report, launched inautumn 2012 and helped design indocators to monitor this impact in thefuture
  15. 15. Our Social ImpactWe have identified four areas where SIS is making a significant impact Create a larger and more robust third sector in Scotland, in terms of thenumber of organisations, jobs and volunteering opportunities they support Move towards a more financially sustainable model of working, with lessreliance on grant funding and greater income generation More managerially sound and well-governed third sector organisations A real difference to local communities: improving the quality of people‟slives, their environment and their life chances
  16. 16. SIS Lookout17As part of our continued development, we have recently embarked on the rollout of a new five year strategy, called “A Framework for Growth”.This plan seeks to use our track record, experience and credibility as thefoundation of an ambitious strategy which has a number of headline prioritiesto:• Connect capital with communities• Expand our funding programmes to meet changing needs• Build on our capacity to achieve our objectives• Expand our leadership role to support growth in our communities• Expand and more effectively monitor, measure and communicate our socialimpact.
  17. 17. SIS CustomersAbbeyview Bowling ClubAlmond Valley Heritage TrustAnswer ProjectArrochar & Tarbet Community Development TrustAssynt FoundationBalornock Bowling ClubBethany Christian TrustCallander Youth ProjectCentral ActionChildren 1stCluarankwai Judo ClubCo-Chomunn na HearadhCoffee ExchangeCommon Knowledge UKCommunity Food Initiative NECraigmillar Dev & EnterpriseCRISISCue & Review Recording ServiceCVSEADevelopment CollDIADunblane Kids ClubEassie, Nevay & Kirkinch Community AssociationEID DevelopmentsElm Court Education CICEsk Valley Model EngineeringFactory IIFAREFisherrow TrustFly Right Dance CompanyGalgael TrustGigha Renewable Energy LtdGirvan Youth TrustGlasgow Media Access CentreGlasgow City MissionGlencraftGo Country LtdGRCGreenlaw FC : Bridging LoanHighland OpportunityHOCLHome Aid CaithnessHome BasicsIntLife Pain Management LtdInvertay Social Investment FundKilmuir & Logie Easter ActionKindom LtdLomond Train & Environmental ServicesMARC ContractsMaritime Rescue InstituteMid-DeesideNew Start HighlandNewlands Community Dev TrustOne PlusOut of the BlueRainbow CraftsReal Work SkillsRecycle FifeRenaissance PeopleRequipITRe-Union CanalScottish Sculpture WorkshopScottish Training FoundationSeaton Community EnterpriseSenscotSocial Enterprise ClydebankSoLVESpeyside TrustSpruce CarpetsStrathmore Christian FellowshipUdny Community WindUnity Enterprise LtdWalls Public HallWiston LodgeBroxburn UnitedCoach House TrustCritical Skills ScotlandCritical Skills Scotland (PTL)DSL Social Enterprise Fund LtdLEEP Recycling LtdRenew Services LtdRequipIt Ltd : PTLShetland Spring WaterTravel2Give
  18. 18. Meet the Team
  19. 19. Contact DetailsSocial Investment Scotland12 Broughton PlaceEdinburghEH1 3RXPhone +44 (0) 131 558 7706Fax +44 (0) 131 558 8357Email enquiries@socialinvestmentscotland.comWeb www.socialinvestmentscotland.comCharity No. SC036875Registered in Scotland SC223302