Scottish Investment Fund nears £10m mark
Progress on delivering the Scottish Investment Fund continues to be buoyant with just under £10m now approved. The end of year 2 target approval figure of £14m is on track and demand is high with a further £35m of potential investment currently being assessed.
Investments include a wide range of organisations and recent investment approvals include HomeAid Caithness and Sutherland, Furniture Project (Stranraer) Ltd, Kibble Education and Care Centre, Cornerstone Community Care Ltd, Speyside Trust, Recycle Fife, Bethany Christian Trust, The Wasps Trust and Children 1st. This is in addition to investments now drawn including Momentum, Comrie Development Trust, Re-Union Canal Boats, Wise Group, Calman Trust, Out of the Blue and Spartans Community Football Academy.
Over at the core SIS loan fund we understand that activity is similarly high with Alastair Davis, Investment Director forecasting 52% year on year growth in loans drawn by the end of March 2010.
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