Social & Economic Impact

Thank you to our customers who tirelessly continue to find creative and innovative ways to meet the needs of communities and people all over Scotland. The statistics shown on this page and throughout this year’s report demonstrate the social and economic impact of their activities.

As in previous years, SIS commissioned FMR Research, an independent social research consultancy, to conduct the survey and analyse the findings on our behalf.

Geographic Reach

infographic showing the 36% of beneficiaries that live in 0-15 most deprived areas of Scotland

26%

of beneficiaries live in 0-15% most deprived areas of Scotland, a total of

305,638

individuals

(as classified by the Scottish Index of Multiple Deprivation)


SIS customers are active in all 32 local authorities
Investnments made in 26 local authorities

SIS customers work and engage with a range of beneficiaries:

69%

anyone in the local community

52%

children / young people / families

53%

people experiencing long-term unemployment

43%

people living in poverty and/or financial exclusion

44%

people with learning disabilities


With 1.1m+ people benefiting from the activities of SIS customers

Creating a Robust Third Sector in Scotland

As more investments are made in communities, illustrated by the numbers on the financial highlights page, these support an uplift in employment and trading income, contributing to Scotland's economy and social fabric.

Employment

3,120

jobs sustained


6,833

total employees (increase from 6,279)

363

jobs created


55,271

volunteer hours per month

Turnover

£192m

total turnover

£42m

increase in 2 years

£115m trading income

£61m grant

£16m other


18%

customers reported no grant funding


72%

of customers expect turnover to grow next year

What customers had to say about SIS

98% response rate | 8+ Average mark (out of 10) for customer service

59%

already recommended SIS to another organisation

64%

of customers said:

SIS Investment had made a significant difference to what they were able to do.

Key strengths

77%

believe SIS staff are friendly and helpful

68%

trust SIS and have an open and honest relationship with them

Key Weaknesses

41%

said interest rates were too high

20%

inflexibility over interest rates

We Buy Social

35%

of SIS suppliers are social enterprises, constituting 18% of our total supply expenditure.

This is comprised of many services, including office cleaning, waste management, catering and stationery.

Social Surplus Fund

A share of SIS's financial surplus each year is spent on supporting social-investment-related activities. Recently, we've:

  • Brought a US model of Responsible Finance Provider credit ratings, 'Aeris', to the UK for the first time
  • Supported one of our customers with the hosting costs of a Saltire Fellow
  • Partially funded one of our staff to participate in the Young Scotland Programme for young leaders
  • Developed a small prize fund for the winners of the VentureJam competition as part of Venturefest Scotland 2016

‘Making Social Investment accessible to all’

1563 attendees across 54 events

The role of SIS extends to spreading the word about social investment through a range of workshops and events. This year we have spoken to more than 1500 people at over 50 events. Please check our website for upcoming events here.

Best use of the day for a long time!

Investment Readiness Workshop 2015