Social investor receives a year’s worth of calls from charities in a month

Social investment organisation Foundation Scotland has reported a major increase in demand for funding over the last four weeks.

It has received the same number of enquiries over that time period that it usually receives in four weeks.

The Foundation says the surge in interest indicates renewed “optimism, confidence and ambition across the sector” following the Covid-19 pandemic.

It also follows the launch of a blended package of funding that combines grants and loans, called Investing in Enterprise Fund.

This fund can invest up to £500,000 in charities, social enterprises, and community organisations.

“We are in the process of recruiting a new Investment Executive to increase our team’s capacity and help manage the growing demand,” said Foundation Scotland’s head of investment Chris Holloway.

Foundation Scotland offers social investment across 13 of the most disadvantaged areas in Scotland. It aims to cover the whole of Scotland at a later date.

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