Centre of Therapy
Set up in 1995, The Centre for Therapy and Counselling Studies (CTCS) provides cognitive behavioural training and therapy in Glasgow. Over 40 professional therapists specialise in a variety of areas and help with a wide range of issues from anxiety and depression to personality disorders and phobias.
With an ever-increasing number of patients, the team at the CTCS swiftly began to run out of room in their modest premises on Sauchiehall Street in the city centre. Like most charities in this fragile economic climate, the team faced constant challenges when trying to secure financial help for new premises.
When the opportunity arose to purchase a nearby townhouse in Newton Place, Glasgow, the CTCS approached the leading funder to the third sector Social Investment Scotland, who along with Triodos bank were able to offer the perfect solution.
Social Investment Scotland and Triodos work as a team to offer third sector organisations in Scotland the chance to borrow up to 100 per cent of the value of a property.
The companies launched the scheme, which sees Triodos offering 70 per cent of the funding required and Social Investment Scotland offering 30 per cent, to help more third sector organisations buy property.
“This package has been specially developed based on a growing need and interest from third sector organisations to find finance to enable expansion plans. When we were approached by CTCS we knew it was the perfect arrangement for them. With this loan they could buy bigger, more welcoming premises which will provide them with an ideal space to grow into. It is excellent we can help CTCS realise their ambitions for growth.”
Alastair Davis, chief executive of Social Investment Scotland
Vicky Woods, finance director at CTCS, said: “This loan has been an absolute lifesaver for CTCS. In the past few years our third floor property with no parking on Sauchiehall Street just did not reflect the quality of the services we provide. Thanks to the loan from SIS and Triodos we were able to purchase our new headquarters and we are absolutely delighted with them. It will revolutionalise our day to day operations.”