Overview
This presentation is the property of its rightful owner.
Sponsored Links
1 / 8

overview PowerPoint PPT Presentation


  • 92 Views
  • Uploaded on
  • Presentation posted in: General

overview. A new £30m fund being subscribed over three years to invest in building the capacity, capabilities and sustainability of third sector organisations. outcomes-focused investment priorities. investing over 3 years (2008 – 2011) and beyond.

Download Presentation

overview

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Overview

overview

A new £30m fund being subscribed over three years to invest in building the capacity, capabilities and sustainability of third sector organisations.

  • outcomes-focused investment priorities.

  • investing over 3 years (2008 – 2011) and beyond.

  • a fundamentally different approach to previous grant regimes.

  • investments tailored to individual organisations requirements.

  • loans, ‘patient’ capital, and strategic investments.


Overview

target characteristics

established third sector organisations located and trading in Scotland which reinvest surpluses for social or environmental purposes and:-

  • have been operating successfully, partly through income generation, for at least three years.

  • have established successful experience in public service delivery or trading in other markets.

  • have potential to grow their turnover and/or become financially sustainable.

  • are ‘investment-ready’ in terms of management, governance and financial position.


Overview

ineligible

  • organisations with no track record of generating income other than grants.

  • organisations that are insolvent or at risk of insolvency.

  • proposals that seek to replace existing debt finance.

  • subsidiaries of public bodies (e.g. local authorities).

  • housing construction and management operations of registered social landlords (RSLs).

  • proposals that relate to the on-going delivery costs of services or projects.

  • proposals that would normally be funded by commercial loan finance or other funding sources.

  • organisations where the beneficiaries live outside Scotland.


Overview

investment priorities

2008/09 investment priorities will focus on organisations with social missions that address issues of:

  • employability

  • environmental action

  • the underlying causes of health inequality

Other priorities will emerge as the fund develops.


Overview

investment products

investments will be tailored on a case by case basis and may contain a mix of :-

  • loans - business plans will assessed for loan first (including commercial loans) before any other investment is considered.

  • risk/’patient’ capital - devised to deliver a mix of financial and social returns.

  • strategic investments - (non-repayable) amounts based on social outcomes and will not comprise more than 50% of any funding package

  • development support – for organisations ‘almost but not quite’ investment-ready. SIF will consider funding to pay for accounting or legaladvice/support in relation to areas such as marketing, human resources,


Overview

investment process

  • initial screening against published investment criteria to establish eligibility and ‘investment-readiness’.

  • collection of brief details of the organisation and the investment being sought.

  • discussion/feedback to assess ‘fit’ with investment priorities.

  • rigorous assessment of business plan, focused on four elements – business model – organisational development – financial stability – projected social outcomes.

  • development of investment package, submission to investment panel with recommendations.

  • approval and documentation

  • monitoring and evaluation.


Overview

Social Investment Scotland

Second Floor

1/2 St Andrew Square

Edinburgh EH2 2BD

0131 558 7706

www.socialinvestmentscotland.com


  • Login