- Small fund, big noise... The new fund has been controversial. Social Investment Scotland has historically lent to charities and social enterprises and recycled returns into its lending activities.
- Scotland’s social startup scene... Scottish Communities Finance launched a community bond program last year.
- Winners included... Open University for its online network engineering program and Bridgwater & Taunton College for its real and virtual reality “workplace simulations” for nuclear power station workers.
- Other recipients included... non-profit National Numeracy, which helps adults build everyday math skills and consultancy Sara Dunn Associates for a care worker “micro-learning” initiative.
- Second slug… The €2.5 million ($3.1 million) raise is additional to the company’s €1.65 million raise ($1.78 million at the time) a year ago.
- The combined financing was backed by... Paris-based Energy Access Ventures, PYMWYMIC, Factor(E) Ventures, and the Doen Foundation and the Montpelier Foundation.
- Rapid fire... BioCarbon Engineering relies on drone- and satellite-data to identify locations in need of replanting. Drones plant trees by rapidly firing seedpods into the ground.
- A greener picture... BioCarbon Engineering’s technology can change landscape management.
Community bonds can support local job creation, community regeneration and improve local services. Edinburgh-based Scottish Communities Finance wants average investors to participate. The organization is partnering with Scotland’s Social Enterprise Networks to develop a fund to issue community bonds that individuals can buy for as little as £50 ($67). Proceeds will finance loans for local
Dolphin Living has raised a bond for affordable housing in the wake of the Grenfell fire. The housing charity raised £25 million ($31.8 million) within two days of listing the bond on the London Stock Exchange. It follows the deadly fire in London’s Grenfell public housing complex that exposed the poor and sometimes dangerous living conditions