Social Investment Scotland – The NEN

Funding boost for Castle Community Bank

Social Investment Scotland support for Leith credit union

CASTLE Community Bank, based in Leith, has received £1 million investment from Social Investment Scotland.

The credit union received the £1M sub-ordinated loan to support their growth and ambition to be a ‘business of scale’, providing ethical and affordable loans and excellent returns for savers.

Castle Community Bank Chief Executive Adrian Sargent said: “I’m delighted that Social Investment Scotland has confidence in Castle Community Bank and has invested £1 million.

“This fantastic investment will reap benefits for not only our organisation but also the communities and members we support in Leith and beyond. This is another important step in our journey to grow the credit union sector and promote financial inclusion in the UK.”

Social Investment Scotland Head of Investments Chris Jamieson, said: “We’re very happy to be supporting Castle Community Bank and its ambitious programme of targeted growth, which will positively impact people in Leith and the surrounding area.

“We see the important role that credit unions play in building a wellbeing economy, particularly when many individuals and households are struggling with the rising cost of living.

“That’s why we are committed to supporting organisations such as Castle Community Bank, who are providing fair and affordable access to finance for the people and communities who need it most.”

Scotland’s first outdoor nursery at a football facility receives high praise from Care Inspectorate

WILLOW DEN SCORES AT SPARTANS

Willow Den at Spartans, Scotland’s first outdoor nursery at a football facility, received 5’s across the board in its first review visit by the Care Inspectorate.

Based in Ainslie Park Stadium, home to Spartans Community Football Academy, Willow Den aims to improve the health and wellbeing of children in Scotland through access to fully outdoor early learning and childcare.

The nursery scored 5’s or ‘Very good’ across the board for care, play, learning, setting, leadership and staff team. The report commented, “Children were very happy, settled, and confident in the setting. They were supported by kind, gentle and nurturing interactions, helping children to feel safe and loved.”

Deborah Grant, Chief Executive at Willow Den said, “We are delighted to receive such positive feedback from our first inspection. Our nursery is based in an innovative outdoor setting, which enables children to follow their curiosity and develop their knowledge and skills.

“Research shows outdoor play as vital to emotional, physical, and mental health and well-being and critical to all aspects of childhood learning and development. This is why we are ambitious and want to open in more locations so more children and families in Scotland can play and learn in nature from nature.”

Willow Den was founded by Inspiring Scotland to accelerate outdoor nursery provision in Scotland and further its work developing outdoor play and learning.

Celia Tennant, Chief Executive of Inspiring Scotland said, “We are delighted Willow Den at Spartans has received such positive feedback from its first inspection.

“Our work over the past 15 years at Inspiring Scotland has highlighted the impact of high-quality outdoor play as an essential catalyst for healthy childhood development and a fundamental part of growing up in Scotland.

“We know outdoor play is a life-enhancing experience and together we want all of Scotland’s children to thrive outdoors.”

Debbi McCulloch, deputy Chief Executive from Spartans Community Football Academy said, “It is our vision to be a welcoming and inclusive social home for our local community.

“Hosting an outdoor nursery is part of this vision – it is wonderful to see pre-school children having fun and learning right here on our doorstep. Our education pathway now extends from nursery school all the way to college. The Edinburgh Care Inspectorate report is testament to the hard work of everyone involved.”

In 2021, the social enterprise secured £225,000 loan funding from Social Investment Scotland (SIS) matched by a £225,000 grant from the SIS Growth Challenge to support its launch.

Chris Jamieson, head of investments at SIS said, “It is great to see Willow Den thriving and receiving such a positive first review, as well as great feedback from parents.

“The outdoor nursery is an excellent example of a high-impact social enterprise that is meeting an immediate community need for early years education. We look forward to working with Willow Den as the organisation develops and grows in the years ahead.”

“Throughout the report, parents commented, “It is clear their number one focus are the children and making the nursery a safe and nurturing environment where the children thrive” and “we know that this is a very special place with very special people who care for and support our child completely.”

Willow Den is currently looking for more locations to expand outdoor play in Edinburgh. If you would like to find out more, please visit willowden.scot/

MY set to grow with £25,000 grant

Muirhouse based MY Adventure (MYA) has received £25,000 to support plans for a training base at Towford to support their employability programme for young people from North Edinburgh.

The funds come from the £1 million Legacy 2014: Sustainable Sport for Communities Fund which was created with investment from the Scottish Government and The Robertson Trust, and has been delivered by these organisations in partnership with Social Investment Scotland, sportscotland and Senscot.

MYA, a trading arm of Muirhouse Youth Development Group, plan to use the funds to help transform the Towford Outdoor Education Centre residential facility in the Borders (pictured above). The space will be turned into a training base for their MY Academy programme, a unique employability scheme for young people in North Edinburgh.

MYA is one of twelve third sector organisations to receive a total of over £250,000 in the fund’s second round of awards to help develop sports facilities for use by their local communities.

Ja:mes Howell, Director of MYA said: “Support from the Legacy 2014 fund will enable MY Adventure to realise the potential of our Towford Outdoor Centre in the Scottish Borders. The centre will operate as a training centre for our MY Academy programme, helping young people in North Edinburgh.

“It will also provide a wild retreat for children and young people from North Edinburgh and a space for meaningful outdoor learning. The Legacy fund will support a project officer to focus on the development of the project as well as community consultation, including conducting a full feasibility report for the building and its land and business planning to ensure the project’s success.

“MY Adventure is looking forward to this exciting project taking shape and offering increased opportunities for the communities of North Edinburgh.”

Alastair Davis, Chief Executive of Social Investment Scotland which administers the fund, said: “MYA has presented a compelling case outlining the benefits of their plans which will provide an incredible opportunity for local young people, families and marginalised communities in North Edinburgh.

We know that sport has the potential to bring a whole range of benefits to local communities and therefore we look forward to seeing the benefits their outdoor learning programme will have on the community of Muirhouse and surrounding areas.”

Other organisations receiving funding include Active Bellshill who will receive £14,000 for the planning of a new sports hub in Glasgow, the Comrie Development Trust who will receive £15,000 to carry out a study into local sports and recreational needs, and Scottish Athletics who will receive £25,000 to look at how they can increase community engagement through their clubs.

Jamie Hepburn, Minister for Sport, Health Improvement and Mental Health, said: “Small organisations like this are doing tremendous work to encourage more Scots to be more active, more often. Almost a year after Glasgow hosted the best Games ever, it’s important that Scotland continues to benefit from their legacy, and this fund is a key part of those efforts.

“The Sustainable Sport for Communities Fund is there to offer help to social enterprises and to allow them to ensure their long term sustainability. I look forward to seeing the positive impact the Fund will make.”

Kenneth Ferguson, Director of The Robertson Trust, added: “Sport can provide a range of positive benefits for individuals and communities. We are delighted to be able to use this Legacy 2014 programme to support organisations across Scotland which are helping to enhance the lives of the people they work with through sport.”

Swinney scores with Social Growth Fund at Spartans

John Swinney launches new £16 million fund at Spartans

Cabinet Secretary John Swinney and Social Investment Scotland (SIS) visited The Spartans Community Football Academy on Thursday to formally announce the launch of a new £16m Social Growth Fund.

The Social Growth Fund, run by Social Investment Scotland (SIS), brings together an investment of £8m from the Scottish Government and a further £8m from Big Society Capital, the independent financial institution set up to develop social investment in the UK.

SIS is using the fund to expand existing investment activity within Scotland’s third sector, and to launch a new risk capital product for the Scottish social investment marketplace. This will provide long-term finance from £10,000 to £1m with repayments tailored to each organisation’s needs.

Alastair Davis, chief executive of SIS, said the new fund will enable it to provide considerably more support to social enterprises and community businesses across Scotland.

He said: “This funding support will in turn help these local organisations improve the lives of people within their communities by making them much more self-sufficient and sustainable.”

John Swinney said Spartans, which currently receives SIS support, is a good example of how this kind of funding works to better communities.

The Cabinet Secretary said: “I am delighted that the new Social Growth Fund for Scotland is now open for applications. This is an exciting opportunity for third sector organisations in Scotland, allowing them to continue their vital work within our local communities.

“Today I have seen the great work that has been achieved by the Spartans Community Football Academy in the local area, with police and youth groups noting a huge reduction in call outs and antisocial behaviour. The facilities here at Spartans show what can be done with the type of funding the Social Growth Fund will provide.

“Through schemes such as this, social enterprises will be able to have a greater role going forward, bringing more benefits to the communities they serve.”

In tandem with this new funding, SIS has also launched a Great Social Enterprise Tour – visiting five cities in five days next week – to raise awareness of the Social Growth Fund amongst local social enterprises across Scotland. The events will provide social enterprises with a chance to speak directly to an investment manager about how social investment can support the sustainability of their business.

Monday 12 May – Glasgow: The Lighthouse, 10am till 12pm

Tuesday 13 May – Edinburgh: Out Of The Blue, 10.30am till 12.30pm

Wednesday 14 May – Inverness: The Spectrum Centre, 1 – 3pm

Thursday 15 May – Aberdeen: Transition Extreme, 12.30 – 2.30pm

Friday 16 May – Dundee: The Factory Skatepark – 12.30pm till 2.30pm.

Alastair Davis, Chief Executive of Social Investment Scotland, added: “The Social Growth Fund will enable us to provide considerably more support to social enterprises and community businesses across Scotland. This funding support will in turn help these local organisations improve the lives of people within their communities by making them much more self-sufficient and sustainable.

“However, we also recognise that applying for funding can be a daunting prospect for many organisations, as it frequently represents a change in the way they do business, moving from grant dependency to a mix of income streams. Our Great Social Enterprise Tour is aimed at addressing this uncertainty by providing social enterprises with the answers they need to start moving their organisations on to the next level to create longer lasting social impacts.”

Nick O’Donohoe, Chief Executive of Big Society Capital, added: “Social Investment Scotland is a leading example of how regional social finance managers can play an important role in helping charities and social enterprises to access social investment, through their deep knowledge of the needs and challenges of a local area. They have an exceptional track record of delivering social investment support to organisations in Scotland, and we are pleased to have been able to help them to continue doing this.”

Big Society Capital’s investment in Social Investment Scotland is the first of its kind in Scotland since its formation last year, and will increase Social Investment Scotland’s funds under management by a third. It is the largest investment in SIS for twelve years and the largest ever investment by an external organisation.

Organisations who are looking for investment should call a member of SIS’ investment team on 0131 558 7706 to discuss possible funding or support.

Case Study: Spartans Community Football Academy

The Spartans Community Football Academy is a social enterprise and charity located at Ainslie Park in North Edinburgh which uses sport to deliver social change. Their local community includes some of the most deprived post codes in Scotland. With support from Social Investment Scotland, the Spartans have invested £4.5m in the last 5 years to build first class facilities and services which generate commercial income, the profits from which are re-invested to deliver their charitable objectives.

In the past 15 months, Spartans business has continued to grow, enabling them to increase their social impact. Some recent highlights are:

Delivery of 1000+ hours of youth work based provision in 2013, including the Friday FooTEA club, where young people can enjoy a ‘hot meal’, take part in various activities and develop/grow at their own pace (a model which has been rolled-out & replicated elsewhere across the country)
Delivery of 850+ physical activity and coaching sessions in local schools in 2013, helping them to meet their 2 hours of PE target per week
Creation of 4 x Homework Clubs – using a ‘Game of 2 Halves’ model – in local primary schools, helping local schools to increase academic attainment levels
Over 1200 sign-ups for our community coaching programmes in 2013, catering for recreational -> elite players
Over 100,000 users of our range of Academy facilities in 2013
Runner up in the Scottish Social Enterprise of the Year 2013 awards