SCVO launches £50m loan fund to help Scottish charities buy buildings

Joint venture with Unity Trust Bank follows the success of Brunswick House in Glasgow

Brunswick House
Brunswick House

A £50m loan fund to help charities in Scotland buy buildings to create "third sector business centres" has been launched by the Scottish Council for Voluntary Organisations and Unity Trust Bank.

The scheme, which will run over five years, is open to SCVO members that want to own premises either individually or jointly. Individual loans of up to £5m will be available, and up to £10m will be lent in each year.

The SCVO said it hoped that the fund would allow charities to create offices tailored to their needs, build up an asset base and allow charities based in jointly owned offices to share back-office costs.

John Ferguson, director of development and programmes at the SCVO, said the new scheme followed  the success of SCVO’s Brunswick House, a charity hub that opened in Glasgow’s Merchant City in May.

"The new scheme will allow more third sector organisations to focus on what they do best – delivering vital services to the people of Scotland – safe in the knowledge that they are building assets and operating in an efficient, cost-effective way," he said.

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