Scottish Communities Finance (SCF) Ltd is a Community Benefit Society (BenCom) registered with the Financial Conduct Authority (FCA) under the Co-operative and Community Benefit Societies Act 2014, registration number 7649. Each community we engage with has a representative on the BenCom board, thus ensuring that we listen to and act upon the needs of our community partners.
As a Community Development Finance Institution (CDFI) our purpose is to assist communities set up Community Loan Funds in order to lend to social enterprises and community businesses when mainstream financial providers are unable to do so. It seeks to address the lack of micro, affordable and unsecured lending to those organisations seeking it but unable to access it from other sources.
Scottish Communities Finance (SCF) Ltd was established to assist both communities of interest and geography across Scotland to access loans by raising capital from within their communities and lending it to enterprises in their community.
We are interested in creating a new form of ‘Community Investor’ or ‘Citizen Investor’ by offering ordinary people and small organisations opportunities to reinvest back into their community via the purchase of ‘Community Bonds’. Community investors are individuals and organisations interested primarily in a social return to their communities rather than a high financial return.
Investments in Community Bonds can range from as little as £50 to a maximum of £5000. Capital received and any interest due is payable upon maturity date unless investors indicate that they are willing to donate their bonds or interest to the Society.