The Hoprigshiels project has been supported by two main funders, Triodos Bank and the Renewable Energy Investment Fund (REIF). We are immensely grateful to them for their backing.
Norrie Cruickshank, Relationship Manager at Triodos Bank said: “We are delighted to have provided loan finance to this exciting project developed by BHA and CES. It allows for the progress of much needed affordable housing within the area and giving local communities the opportunity to develop various renewable energy schemes. Triodos Bank is always looking to assist with social housing and community renewable energy projects.”
Triodos Bank only finances loan customers creating social, environmental or cultural added value – ranging from large ethical loan customers to smaller, innovative organisations meeting local needs. Key sectors include organic food and farming, renewable energy, social housing and fair trade. Transparency is a core value: customers are informed about the bank’s lending and can target their savings to particular areas of investment. A range of personal savings accounts is offered and full banking services are available for businesses and charities. For further information contact Chris Yong (Christopher.firstname.lastname@example.org) or 0117 9809 721
The Renewable Energy Investment Fund was launched in October 2012. It aim is to promote the use of energy from specific renewable sources and drive further investment into key areas of Scotland’s renewables industry. REIF considers projects that support the delivery of energy from a renewable source or represent an innovative renewable energy technology. REIF is delivered by the Scottish Investment Bank – the investment arm of Scottish Enterprise – on behalf of the Scottish Government and its Enterprise Agencies.
The Scottish Investment Bank (SIB) is the investment arm of Scotland’s main economic development agency, Scottish Enterprise, operating Scotland-wide in partnership with Highlands and Islands Enterprise. It manages a suite of co- investment funds including the Scottish Co-investment Fund and the Scottish Venture Fund, which are partly funded by the European Regional Development Fund (ERDF). SIB also manages the Scottish Recycling Fund. SIB is the cornerstone investor in the privately-managed Scottish Loan Fund, managed by Maven Capital Partners and an investor in Epidarex Capital’s life sciences fund. These investment funds support Scotland’s SME funding market to ensure businesses with growth and export potential have adequate access to growth capital. SIB also provides a team of financial readiness specialists to help companies prepare for new investment and access appropriate finance. www.scottish-enterprise.com