Social Enterprise Just Transition Fund
We are delighted to launch the The Social Enterprise Just Transition Fund (SEJTF).
The Social Enterprise Just Transition Fund (SEJTF) is aligned to the Scottish Government’s Just Transition Fund, a commitment that will support projects in Aberdeen City, Aberdeenshire and Moray.
The Fund aims to finance organisations, businesses, communities and individuals to transition to net zero, creating jobs in low carbon industries and contributing to the region’s future prosperity. SEJTF will be a blended product with an equal 50 / 50 loan-grant split.
Read the FAQ for more information.
Who is eligible for the loan?
Charities, social enterprises and communities are eligible for funding from SEJTF must be based and operating in the local authority regions of Aberdeen City, Aberdeenshire and Moray or for organisations that are not, the activity funded by SEJTF must be delivering an impact in one or more of these regions related to objectives of the Fund.
Applicants must demonstrate delivery against at least one of the Scottish Government Just Transition Outcomes.
What Outcomes do I need to demonstrate delivery against?
Applicants must demonstrate delivery against at least one of the following Outcomes:
Decarbonisation and efficiencies: contribute to resource efficient and sustainable economic approaches that actively encourage decarbonisation, support low-carbon investment and infrastructure, and avoid carbon ‘lock-in’;
Citizens, communities and place: support affected regions by empowering and invigorating communities and strengthening local economies;
Jobs, skills and education: equip people with the skills, education and retraining required to support retention and creation of access to green, fair and high-value work;
Fair distribution of costs and benefits: address existing economic and social inequality by sharing the benefits of climate action widely, while ensuring that the costs are distributed on the basis of ability to pay;
Business and economy: support a strong, dynamic and productive economy which creates wealth and high quality employment across Scotland, upholds the UN Guiding Principles on Business and Human Rights, and continues to make Scotland a great place to do business;
Adaptation and resilience: identify key risks from climate change and set out actions to build resilience to these risks, ensuring our economy is flexible, adaptable and responsive to the changing climate;
Further equality and human rights: address fuel poverty and child poverty in a manner consistent with Scotland’s statutory targets on each, while furthering wider equality and human rights across all protected characteristics; and
Environmental protection and restoration: commit to act within our planetary boundaries while protecting and restoring our natural environment.
Can I use this loan to repay other debt?
No. This Fund exists to support organisations, businesses, communities and individuals to transition to net zero and meet the Scottish Government’s Just Transition Outcomes.
What if I meet these criteria?
If you feel your organisation meets the criteria of the Fund, please complete an Expression of Interest (EOI). This can be found on our website.
What if I do not meet these criteria?
We have a range of other loan products that may be suitable to your organisation and needs. Please get in touch (email@example.com) and one of our Investment Managers will arrange to speak with you.
Find out more about the Social Enterprise Just Transition Fund in our series of online workshops.
Join our series of Masterclasses for an in-depth focus on leadership and the Just Transition process.
Tuesday 29 November, 10:00 - 12:30
A Just Transition: Empowering Teams and Leading Change
In this session, we will learn how to engage your team to allow change to happen and understand the importance of listening and taking a step back to look at things with a different lens. By allowing others to show you what’s going on – step back to move forward and, as a leader, implement solutions, get your team involved every step of the way and encourage input. You have the power to unleash the potential in others!
Tuesday 6 December, 10:00 - 12:30
A Just Transition: Impact and Profit
This is a challenging time for the social enterprise sector in Scotland, but there has never been a time when purposeful business is so important.
Profit and social and environmental impact can coexist – we talk about what you can do as an organisation and with your team to develop a strategy for success.
If there is demand, this session could be delivered as an in-person event – please let us know your preference on registration.
Wednesday 7 December 10:00 - 12:30
A Just Transition: Leadership and Wellbeing
In this session, we focus on you! What can you do differently or better to give you the time to step back, trust your team and give you the headspace to plan your strategy for success?
By the end of this session, we want you to work smarter – not harder.
If there is demand, this session could be delivered as an online event – please let us know your preference on registration.
A Just Transition – Tuesday 4 October
Kieran Daly, SIS Head of Market Building, and Harry Howarth, SIS Investment Manager, are joined by Miriam Brett, Director of Research and Advocacy at Common Wealth – Think Tank.
Miriam is a researcher and political economist. She sits on the board of Green New Deal Rising and Common Wealth think tank, is a research fellow at The Democracy Collaborative and the Wellbeing Economy Alliance, and is a member of the North Ayrshire Community Wealth Building expert panel.
In this session, Miriam will explains what a just transition is, and what that could mean for you and your business.
We will also discuss the fund, grant element and criteria and be happy to take your questions.
A Just Transition: Jobs, Skills and Fair Work with Glencraft – Thursday 6 October
Kieran Daly, SIS Head of Market Building, and Harry Howarth, SIS Investment Manager, are joined by Donald MacKay, Managing Director of Glencraft, an Aberdeen based not-for-profit social enterprise with a mission to ensure the sale of every handcrafted product makes a positive social impact.
A long established social enterprise and one of the oldest mattress manufacturers in the UK, Glencraft employ people with disabilities, producing handcrafted luxury and bespoke mattresses using high quality raw materials that are ethically sourced. They supply to the UK, internationally, and even royalty.
What are the benefits, opportunities and challenges of working with supported skilled employees? Join us to find out more.
A Just Transition with Leona McDermid, Chief Executive of Aberdeen Foyer – Thursday 13 October
Kieran Daly, Head of Market Building, will be joined by Leona McDermid, Chief Executive of Aberdeen Foyer.