PLUS: Generation Investment raises $1bn to invest in “sustainability revolution”, SIS Ventures makes first equity investment, North East Social Investment Fund invests £700k in employability and education, and more.
Plastic bags and social investment tax relief both contributed to a leap in revenue for the Scottish social investment organisation. However, investment in social enterprises and charities is down on last year.
"Social enterprises in Scotland contribute £6.9bn to the economy, more lucrative than the entire third sector." CEO of Social Investment Scotland Alastair Davis weighs up what support there is for them in terms of social finance.
At the Cabinet Office Social Investment Awards in London last night Bridges Ventures triumphed in two categories, whilst other winners included Social and Sustainable Capital, Social Investment Scotland and Ethex.