Who we are

• We are the largest Community Development Finance Institution in Scotland and

one of the largest in the UK, holding a pioneering role in social finance

• We are the largest not for profit provider of business loans to the third sector in

Scotland as well as a social enterprise and registered charity in our own right

• Our aim is to connect capital with communities by offering flexible loans that

are specifically tailored to the third sector organisations

Our Impact

• We support the creation and growth of charities, community organisations

and social enterprises with loans and other repayable investment.

• Over the last 10 years our loan funds have assisted almost 180 charities,

community organisations and social enterprises across Scotland providing

investment totalling just under £43 million.

• We invest in third sector organisations that have the capability to make

sustainable social impacts, and therefore, SIS supports local job creation,

community engagement and economic development nationwide.

Our Products

All Purpose Loan

Repayable over a maximum of 10 years, our All Purpose Loan has a fixed interest rate and capital payments so organisations know exactly what they are required to pay each month

Bridging Loan

Short term finance provided at short notice which is ideal for timing issues of approved grant monies

SIS/Triodos Property Loan

Working in partnership with Triodos Bank we provide term loans up to a maximum 10 years

SIS Community Renewables

Loan finance of up to £250,000 over a repayment period of up to 10 years

Social Investment is the provision of repayable finance to charities and other social organisations. We offer business loans are flexible and tailored specifically to the organisations’ needs.

Who is eligible

We invest in third sector organisations that have the capability to make

sustainable social impacts.

These must…

be based and operate in Scotland

operate within the Scottish Third Sector i.e. charities, community and

voluntary organisations, non-profits and social enterprises

reinvest their profits for community benefit

be allowed to borrow under their organisation’s constitution

Application Process

6

• A member of our investment team will work with the organisation to put together the most suitable finance package.

• For this we ideally like to see a business plan, last three years annual accounts, up to date management accounts and any cash flow forecasts/projections.

• Don't worry if you don't have any of these at this stage or are looking for finance for a new project as we can discuss this with you as things progress.

• You will be allocated an investment manager who will chat through your plans in more detail

• If happy to proceed, they will take your investment proposal to our credit panel for approval and provide you with full details of the terms and conditions plus a legal facility documentation to be signed.

• Upon receipt of the signed facility letters along other required documents and legal sign off, we will provide your loan by BACS transfer.

1. All Purpose Loan

• Our most standard and flexible loan

• Repayable over a maximum of 10 years

• Fixed interest rate and capital payments

• Ideal for assisting with capital expenditure, revenue funding, marketing, business development or working capital

• Loans range from £10,000 to £250,000 with no penalty for partial or full early repayment

2. Bridging Loan

Case Study: Scottish Emergency Rider Volunteer Service - ScotsERVS

“The SIS bridging loan provided us with the

financial sustainability and security we needed to

maintain our current level of services and facilitate

our further necessary investments in specialist

transport equipment. SIS's bridging facility

provided us with a lifeline, ensuring the financial

flexibility ScotsERVS need.”

Deirdre Kelly, Treasurer, ScotsERVS

Short term finance provided at short notice to cover timing issues for receipt of approved grant monies to enable a project to proceed when the secured grant funding is being paid in arrears.

One Stop Property Loan

• Triodos Bank and Social Investment

Scotland (SIS) work as a team to offer

third sector organisations the

opportunity to buy property

• Their One Stop Property Loan

provides the borrower with up to

100% of the value of a property or

purchase price, with Triodos Bank

offering up to 70% of the funding

required and SIS making up the

shortfall

“We started trading on the 4th June 2012 and the Centre is looking fabulous inside and out.  We now have the space to create a community for therapists, tutors and students, to offer a new MSC course in February next year and have rented a room out to two complimentary therapists. Our 2 year Diploma and 1 year Certificate courses starting in September are all full, so a good start for the new building.”

Vicki Woods, The Centre of Therapy and Counselling Studies

Community Renewables

• Communities engaging in renewable energy projects commonly struggle with raising appropriate finance

• There are a number of social investors who have a growing interest in this area.

• These funders can work collaboratively in partnership to streamline the process – meaning that one may only have to liase with one funder, who operates on behalf of the other funders once they have approved their loan independently

In 2012 SIS assisted with the development of five community renewable projects offering loan finance of up to £250k over a repayment period of up to 10 years.

Scottish Investment Fund

• The £28.8m revolving fund was provided by the Scottish Government in 2008-2011

• Main aim: build capacity, capability and financial sustainability in the Third Sector to support the overall national outcomes of the Scottish Government

• SIF provides mix of strategic investment and loan funding to organisations considered 'Investment Ready‘

• Further £3m of investment capital was made available last year and successfully allocated to seven innovative and pioneering models of social enterprise

Resilient: Start & Grow

12

• SIS have recently been contracted by Resilient to undertake financial

review of all new applications to the Start & Grow fund

• Start & Grow is the first investment package offered by Resilient

• It is a loan package with an element of grant funding, to support the

development and growth of both new and existing organisations in 13 local

authorities across Scotland

Where we work - SIS

In the last ten years, SIS has supported over 107 organisations in 23

of Scotland’s 32 local authorities with loans of more than £11 million.

Projects that have benefited from the

funding are worth in excess of £60 million

and tackle a range of social issues

including employment and training,

health, arts and culture, care and the

environment.

Sectors That Benefit

Employment & Training

Community Asset

Arts & Culture

Other

Renewable energy

Recycling/Waste

Social Care

Sport

Transport

CDFI

Childcare

Legal

Food Processing

Social Impact Report

15

• In 2012 SIS commissioned FMR Research, an independent social research consultancy, to measure SIS’ social impact over the last 10 years

• The research team wrote a detailed Social Impact Report, launched in autumn 2012 and helped design indocators to monitor this impact in the future

Our Social Impact

We have identified four areas where SIS is making a significant impact

Create a larger and more robust third sector in Scotland, in terms of the number of organisations, jobs and volunteering opportunities they support

Move towards a more financially sustainable model of working, with less reliance on grant funding and greater income generation

More managerially sound and well-governed third sector organisations

A real difference to local communities: improving the quality of people’s lives, their environment and their life chances

SIS Lookout

17

As part of our continued development, we have recently embarked on the roll out of a new five year strategy, called “A Framework for Growth”.

This plan seeks to use our track record, experience and credibility as the foundation of an ambitious strategy which has a number of headline priorities to:

• Connect capital with communities

• Expand our funding programmes to meet changing needs

• Build on our capacity to achieve our objectives

• Expand our leadership role to support growth in our communities

• Expand and more effectively monitor, measure and communicate our social impact.

SIS Customers

Abbeyview Bowling Club

Almond Valley Heritage Trust

Answer Project

Arrochar & Tarbet Community Development Trust

Assynt Foundation

Balornock Bowling Club

Bethany Christian Trust

Callander Youth Project

Central Action

Children 1st

Cluarankwai Judo Club

Co-Chomunn na Hearadh

Coffee Exchange

Common Knowledge UK

Community Food Initiative NE

Craigmillar Dev & Enterprise

CRISIS

Cue & Review Recording Service

CVSEA

Development Coll

DIA

Dunblane Kids Club

Eassie, Nevay & Kirkinch Community Association

EID Developments

Elm Court Education CIC

Esk Valley Model Engineering

Factory II

FARE

Fisherrow Trust

Fly Right Dance Company

Galgael Trust

Gigha Renewable Energy Ltd

Girvan Youth Trust

Glasgow Media Access Centre

Glasgow City Mission

Glencraft

Go Country Ltd

GRC

Greenlaw FC : Bridging Loan

Highland Opportunity

HOCL

Home Aid Caithness

Home Basics

IntLife Pain Management Ltd

Invertay Social Investment Fund

Kilmuir & Logie Easter Action

Kindom Ltd

Lomond Train & Environmental Services

MARC Contracts

Maritime Rescue Institute

Mid-Deeside

New Start Highland

Newlands Community Dev Trust

One Plus

Out of the Blue

Rainbow Crafts

Real Work Skills

Recycle Fife

Renaissance People

RequipIT

Re-Union Canal

Scottish Sculpture Workshop

Scottish Training Foundation

Seaton Community Enterprise

Senscot

Social Enterprise Clydebank

SoLVE

Speyside Trust

Spruce Carpets

Strathmore Christian Fellowship

Udny Community Wind

Unity Enterprise Ltd

Walls Public Hall

Wiston Lodge

Broxburn United

Coach House Trust

Critical Skills Scotland

Critical Skills Scotland (PTL)

DSL Social Enterprise Fund Ltd

LEEP Recycling Ltd

Renew Services Ltd

RequipIt Ltd : PTL

Shetland Spring Water

Travel2Give

Meet the Team

Contact Details

Social Investment Scotland

12 Broughton Place

Edinburgh

EH1 3RX

Phone +44 (0) 131 558 7706

Fax +44 (0) 131 558 8357

Email enquiries@socialinvestmentscotland.com

Web www.socialinvestmentscotland.com

Charity No. SC036875

Registered in Scotland SC223302