Scottish Social Growth Fund Announced
Posted by Elizabeth McKenna
on May 4 2019 at 08:54
The Scottish Social Growth Fund; a £17m fund, has been announced.
In 2014, SIS
launched the Scottish Social Growth Fund
(SGF), a programme of support including investment commitments from Big Society Capital (BSC) and the Scottish Government. Since 2014, the SGF has made investment commitments of almost £13m to 22 organisations. With the investment period for this fund having come to an end in March, SIS is now launching the follow on fund.
Building on their original partnership with Scottish Government
and Big Society Capital
, SIS are delighted to add the University of Edinburgh
as an investor through the second phase of SGF.
Taking on board learning from the original fund, the Scottish Social Growth Fund will provide flexible social investment products of between £100k and £1.7m with repayment periods of up to 15 years and fixed interest rates. This will continue to include ‘risk capital’ loans; offering patient capital to support social enterprises sustain and grow their social impact.
More information is available in the fund Q&A
) and on the SIS website
Please don’t hesitate to get in touch
with SIS if you have any questions relating to this new development.