Paul Wheelhouse, Minister for Energy, Connectivity and the Islands officially opens Fyne Energy’s three wind turbines development to generate £15.6m of community benefit for Argyll and Bute
This month our bulletin asks a fundamental question – nearly twenty years after social investment as a financial mechanism for the third sector emerged, is it aligned to the needs of the whole sector? It is clear from the articles we feature that social investment is still not working for smaller and medium sized organisations. There is, however, recognition of this and the gaps and barriers that keep social investment and charities apart are finally being addressed.
This month we again feature the ACCESS Foundation because of it’s focus on building the resilience of social enterprises and aligning that to the function of social investment. In a similar vein, we look at City Bridge Trust’s move to provide genuinely affordable loans (4%) to social enterprises. We take a look at the ‘Social Bridging Finance Model’ that the Robertson Trust has been developing; we include Part 2 of the ‘Good Finance’ Social Investment blog- this month highlighting social impact. Finally, we end with the launch of a new social investment fund – Heritage Impact Fund. It is managed by the Architectural Heritage Fund and it is aimed specifically at organisations taking on heritage buildings for community benefit.
The Social Investment Intelligence Network (SIIN) has just published its third report into the state of Social Investment in the UK. This focused on ‘place-based’ social investment and ‘faith-based’ social investment.