SCRT vision: is of vibrant, socially inclusive and resilient Scottish communities sustained by a financial infrastructure aligned to their needs.
SCRT mission: is to allow all communities to pool their financial resources for the mutual benefit of those communities and the people within them.
The community reinvestment model is based on the premise that communities have a vested interest in ensuring the community they either live or work in is vibrant and resilient. By becoming community investors, not only are they using their financial resources in a socially responsible manner, but the economic infrastructures which support communities are more financially robust and better able to meet the needs of people.
SCRT does this by working with communities to issue ‘Community Bonds’ that allow people and organisations to pool their money. This forms the basis of bespoke and local ‘Community Loan Funds’ that allow social and community businesses to borrow money affordably as they often struggle to do so from mainstream providers. This enables communities to take more responsibility for its own long term financial needs and ensure loans are available for supporting new jobs, develop new enterprises and grow new services. These community loan funds can be created for either communities of interest (national, local or thematic) or specific geographical communities.
SCRT core values: we will work within the third sector’s four broad value-based narratives as follows: