# Community Benefit Society launches to encourage people to invest in their local area

- Link: https://fundraising.co.uk/2017/12/08/community-benefit-society-launches-encourage-people-invest-local-area/
- Published: 2017-12-08T07:04:06+00:00
- Author: Melanie May

**A Community Benefit Society that aims to encourage people across Scotland to reinvest
in their communities has launched.**

 

[Scottish Communities Finance Ltd](http://www.scotcomfinance.scot)’s aim is to help
Scotland’s place-based communities and thematic communities to become more viable
and vibrant, including through supporting local job creation, regeneration and improved
local services. It is looking for communities interested in establishing Community
Loan Funds, and will work with these community partners to issue Community Bonds
that can be purchased by individuals and organisations. The money raised will be
used to establish individual Community Loan Funds, tailored to suit the needs of
any particular community.

## Advertisement

 [⌊Posthub advert. You create the campaign. We'll handle the postal journey. Get started at post-hub.co.uk.⌉](https://fundraising.co.uk/ads/posthub-20261007-300x250/)

 

With its first Community Partner – Scotland’s [Social Enterprise Networks](http://www.se-networks.net/)–
SCF is issuing a Community Bond Prospectus to establish a bespoke Social Enterprise
Community Loan Fund.

 

According to Scottish Communities Finance, the new loan fund will make micro, unsecured
and affordable finance available to social enterprises that provide goods and services
to communities, often in situations of market failure, where the private sector 
doesn’t exist.

 

Pauline Hinchion, Secretary of SCF, said:

 

> “We believe that encouraging ordinary people to reinvest back into their communities–
> by pooling their financial resources in a community loan fund and lending this
> out to community businesses and social enterprises – can help make communities
> more sustainable. Purchasing Community Bonds is about making an investment in 
> your local community. Becoming a Community Investor shows your support for your
> community and encourages regeneration, local job creation, vibrant local facilities
> and a diverse economy,”

 * **[Edinburgh restaurant wins Small Business Big Heart Award](https://fundraising.co.uk/2018/02/15/edinburgh-restaurant-wins-small-business-big-heart-award/)**(
   15 February 2018)
 * **[£500k fund opens to help people living with long term conditions in Scotland](https://fundraising.co.uk/2018/04/23/500k-fund-opens-help-people-living-long-term-conditions-scotland/)**(
   23 April 2018)
 * **[New fund to help local charities implement Carers (Scotland) Act 2016](https://fundraising.co.uk/2018/06/25/new-fund-help-local-charities-implement-carers-scotland-act-2016/)**(
   25 June 2018)

![Loading](https://fundraising.co.uk/wp-content/plugins/page-views-count/ajax-loader-
2x.gif)