Corporate Social Venturing Arrives in Scotland

30 Jun 2015

Pile of stones generic

Big Issue Invest is working in partnership with Life Changes Trust, a charity that works to improve the lives of young people who have had experience of the care system and people affected by dementia to roll out the Corporate Social Venturing (CSV) programme in Scotland.  The programme launches today (June 30) and ideas are being sought from any social businesses who have creative concepts for new ventures that would impact positively on one or both of the aforementioned groups.

Similarly to CSV England the programme offers a combination of investment and business support from corporate partners to the successful applicants with the main objective being to develop sustainable businesses that tackle some of society’s biggest challenges.

Alongside Big Issue Invest this initiative is being supported by SCDI (Scottish Council for Development and Industry) and several other corporate partners who will provide mentoring and business advice, and who will have the opportunity to invest in unique and innovative businesses that can deliver not just financial returns, but sustainable social good.

The corporate partners supporting this initiative in Scotland are: Mitie, Barclays and Places for People Scotland Care & Support.  Other corporate partners are being recruited.

Maddy Halliday, Chief Executive of Life Changes Trust, said,

‘The Life Changes Trust has a mission to drive transformational improvements in the quality of life, empowerment and inclusion of two groups in Scotland – people affected by dementia, which also includes unpaid carers, and young people who have experience of the care system.  CSV Scotland is an exciting opportunity for the Trust to invest in new businesses who are going to use their skills, expertise and imagination to deliver improved quality of life for our beneficiary groups.  We are delighted to be working with Big Issue Invest, SCDI and our corporate partners to bring this exciting initiative to Scotland.’

John Montague, Managing Director at Big Issue Invest said,

‘We are proud to partner with the Life Changes Trust on CSV Scotland.  It is exciting to branch into new territory with the programme, both in terms of region and sector.  Our method of pairing early stage social businesses with corporate mentors who assist them with business planning, finances and pitching for investment is a proven way of creating a sustainable social impact.  We are very much looking forward to seeing similar results in Scotland with the Trust who have done some outstanding work with care experienced young people and those affected by dementia’.

Further detail and information on how to apply can be found here.

Two CSV Scotland briefing events are also being held for anyone who wishes to know more and who may be interested in applying, please see dates and locations below.

  • 7th July in Glasgow, 1-4 pm
  • 13th July in Perth, 1-4pm

Places can be reserved now by emailing Kelly.Bruce@lifechangestrust.org.uk
If you have any media queries, please contact Deborah.cowan@lifechangestrust.org.uk or on 0141 212 9606