Responsible finance provider Social Investment Scotland (SIS) is leading the delivery of a new £62 million investment fund which has been launched to help small businesses in England and Wales access finance to support local jobs and economic activity. Many small businesses access finance from socially motivated lenders such as Community Development Finance Institutions (CDFIs), but CDFIs themselves face barriers to achieving long-term sustainability and securing capital at scale to meet the demand of small businesses. SIS, which is itself a CDFI and has been investing in the social sector…
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SIS Reports Record £10.9M Annual Social Investments
Leading responsible finance provider Social Investment Scotland (SIS) invested a record £10.9 million in social enterprises, community organisations and mission-driven businesses during the past year (April 2019 – March 2020), according to its latest Social Impact Report. The latest investment figures from SIS include £4.36 million invested in social enterprises and communities, with the remainder invested in supporting the growing sector of responsible lenders (CDFIs) and in mission-driven businesses through profit-with-purpose investor SIS Ventures. Active loans and investments with SIS during 2019/20 totalled more than £28 million among 175 social…
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