About the Scottish Investment Fund
The Scottish Investment Fund
The Scottish Investment Fund (SIF) builds on the achievements of the Futurebuilders Scotland programme, which was launched in 2004 and delivered investments of almost £18m to help expand the role of the social economy in delivering public services. SIF, however, targets specific social outcomes achieved in specified priority areas through an investment based approach as opposed to merely grant awards.
£30m will be subscribed over the period to March 2011 to investment ready, third sector organisations who have been trading for three years generating income other than grants and want to make a step change in their activities. The investments will be a mix of loan finance, non-repayable strategic investments and other financial products, new to the third sector, such as risk capital. The fund aims to eventually re-invest the proceeds of successful investments in the next generation of investment targets.
As part of any successful investment, the fund may also be used to pay for development and business support where this is deemed appropriate.
For more information on the full SIF investment criteria please click here.
A dedicated Scottish Investment Fund team within Social Investment Scotland, with many years of experience in the Third Sector, are always on hand to assist with any aspect of your application or if you have any questions about eligibilty. Full contact details for the team are held here.
Social Investment Scotland
Social Investment Scotland (SIS) is a social business that provides investments via loan finance in other social businesses that have the capability to make sustainable social impacts. Aside from managing the Scottish Investment Fund, we provide loan finance from £10,000 to £250,000 aimed at community enterprises and social businesses that might find access to finance from mainstream providers difficult. At SIS we recognise that this may be the first time that you have considered or applied for loan finance and we want to ensure that the process is as simple and at straightforward as possible.
You can find out more about SIS here.
Progress on delivering the Scottish Investment Fund continues to be buoyant with just under £10m now approved. more
Announcement of the largest ever SIF investment takes total investments beyond the £6m barrier. more
Edel Harris has been appointed chair of the Scottish Investment Fund Investment Panel. (6/09) more
The Scottish Investment Fund announces first two investments. Momentum Scotland a Glasgow-based organisation and Edinburgh-based Out of the Blue Arts and Education are the first two organisations to receive investment support from the Scottish Investment Fund. (2/09) more
The Scottish Government has appointed Social Investment Scotland to manage the £30 million Scottish Investment Fund which is a programme of long-term investment in the social economy. (8/08) more
