The Fund provides both amortising and interest roll-up loans to social enterprises and charities in Scotland looking to grow their operations and impact.
Investments will be made to organisations targeting vulnerable young people, but work across outcome areas and across beneficiary groups.
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 13 years and between £100,000-£1m in size.
-
Fund size
£16 million -
Better Society Capital commitment
£8 million
Key information
-
Geography
Scotland -
Investment type
Enterprise debt -
Fund manager
Social Investment Scotland -
Investment status
Current -
Investment date
2014 -
Term
5 years
Impact
-
Number of intestees
-
Average loan size
-
Number of people benefiting in 2018/19
Sustainable development goals
-
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
-
Other investors