Resilient Scotlands JESSICA Fund

Edinburgh

Who we are

• JESSICA (Scotland) Trust was endowed with £15m from BIG Lottery Fund

• Resilient Scotland Ltd. is the corporate trustee, directing the work of the trust

• Foundation Scotland delivers the work of Resilient Scotland

Vision & Mission

Vision – Communities in Scotland are genuine partners in regeneration, in the design and delivery of high value services, and which build community identity and capacity and develop a sense of place

Mission – To broker, facilitate and deliver finance and support for sustainable community regeneration

Who and where?

Local communities in Clackmannanshire, Dundee, East Ayrshire, Edinburgh, Fife, Glasgow, Inverclyde, North Ayrshire, North Lanarkshire, Renfrewshire, South Lanarkshire, West Dunbartonshire, West Lothian

Our approach

• Deliver social investment packages to organisations to help them provide a more sustainable future for the communities that they serve

• Test new approaches, take considered risks • Work to understand the needs of your community• Collaborate with other investors/stakeholders, adding

financial and social value to interventions; maximising potential for communities

• Make a positive , long lasting contributing to emerging social investment market in Scotland

Our tools

• £15m for social investment packages• Repayment plans up to 10 years charged at base rate + 6%• Innovative or alternative approaches to social investment• Business support• Stakeholder engagement to stimulate and shape community-

level investment• Learning programme to build on what works

Start & Grow

• Investment package up to £60K, 1/3 grant, 2/3 loan

• To support growth and development of enterprising organisations

• Finance can be used for capital or revenue• No security or personal guarantee• Creation or maintenance of employment is

key

Start & Grow…the story so far

Start & Grow have made five investments, totalling £271k, across five of our 13 local authorities

We have over £350k of business in the pipeline

Making Enterprise Happen: What is it for

• Organisations to become more enterprising and sustainable

• Organisations looking to develop new proposals that will make a key difference

• Organisations looking to reduce their reliance on grants and becoming more enterprising

• Organisations looking to make the most of an asset

Making Enterprise Happen: What is it?

• Investment packages up to £500,000; likely mixed loan and grant

• A minimum of 50% of any investment must be repaid over a maximum of 10 years

• We will support you in the development of your investment proposal, depending on your needs

How will we help you Make Enterprise Happen?

• Open the conversation with community organisations; holding events and follow up surgeries

• Providing developmental support (grant, business development etc.)

• Linking to other investment opportunities that we may spot or secure

How will you Make Enterprise Happen?

Outcome 1

Community organisations improve their social, economic and environmental future and become more sustainable.

Outcome 2

Communities are more resilient and empowered to promote their own regeneration

Outcome 3

There is increased awareness and understanding of effective approaches to sustainable community regeneration

Hearing from others

Local ContextKen Shaw, Head of Employability & Skills (Economic Development Service), City of Edinburgh CouncilRob Hoon, Manager, Out of the BlueWhat does social finance mean?Andrew Millson, Development, Social Investment Scotland

Headlines we will look for

• Income generation• Contributing to sustainable services and

facilities• Making the most of opportunities to improve

lives of local people• Creating a long lasting legacy for communities

Things to consider

• We will only be able to invest in your organisation if your proposal has proven to be un-bankable

• We will work with you to consider the impact of any other public funding under the State Aid guidelines

• Have an asset lock or dissolution clause and be prevented from/or have a cap on distributing profits

• Security

The process

• Download an Expression of Interest from our website• Book a 1 – 1 surgery with our partners in your area to

discuss your proposal• Submit your EOI by 18 October• We will consider your fit with our outcomes and your

ability to repay the investment• We will be looking to work with up to three

organisations in each LA area

Our partners

Contact

Chris Holloway, Programme Manager, chris@resilientscotland.org.ukRachel Peacock, Programme Co-ordinator,rachel@resilientscotland.org.ukAllan Farmer, Community Advisor,allan@scottishcommunityalliance.net

Questions and Close

• Q & A to the panel

• Close from Ella Simpson