The move comes as Foundation Scotland and Resilient Scotland announce their integration. Social investment, offered through the experienced Resilient Scotland team, will expand on the community foundation’s core grantmaking services providing access to a greater range of funding options.
The new ‘Investing in Enterprise Fund’ offers between £10,000 and £500,000 to social enterprises as blended finance. Up to 50% of the funding will be through grants with the remainder through loans, enabling them to become more sustainable, accessing opportunities less reliant on grant funding. Support will help successful applicants to raise funds and only repay part of the total sum. Foundation Scotland will reinvest all returned funds for additional social investment.