Resilient Scotland has invested over £1M in six social enterprises enabling them to create employment opportunities and secure a more sustainable future.
The investments are diverse ranging from support for injured veterans to capital for a recycling business, a laundry to a bistro. All of these enterprises in their own way are contributing to the regeneration of their communities.
Alloa based ACE Recycling received investment of £420K through Making Enterprise Happen to develop their commercial and industrial recycling capabilities. This follows a £60K investment in 2013 to grow their Portable Appliance (PAT) testing business.
Malcolm McArdle of ACE said “We are delighted Resilient Scotland have seen our true potential and agreed to make a significant investment in ACE that not only helps us secure the future of the company but also allows us to invest in new jobs and progress with significant growth plans. As a result of this investment we have already created four new full time jobs and expect to create at least 12 more new jobs over the next three years.“
Heroes Drink Company aims to support military charities and tackle the high unemployment amongst veterans by offering employment opportunities. The £60K investment will allow them to invest in branded case packaging to produce additional stock to support new sales and provide marketing support to customers in support of Heroes Vodka Brand.
Heroes Drink founder Chris Gillian, said “The grant is a significant milestone in the development and growth of Heroes Drinks Company. The funds will enable us to aggressively expand into key mainstream markets which will in turn, help accelerate our aim of creating both job opportunities for injured veterans and assisting our chosen charities with residual income from sales of Heroes Vodka. This support from Resilient Scotland will have a long term positive impact within the military community and will help ease some of the continuous financial burden faced by charities.”
Other beneficiaries include: Forth Sector, to develop their laundry business; New Caledonian Woodlands to support the development of their mental health projects; Four Acres Charitable Trust to support the creation of a bistro catering facility and development of the former Lansdowne Church and GTS Solutions, the UK’s only social enterprise operating in the private security industry, to to invest in the recruitment of new staff and develop the business.
Chris Holloway Head of Resilient Scotland said: “Social enterprises are playing a key part in the Scottish economy and we want to ensure that they continue to grow and integrate into the mainstream. Our investments have been designed to support these organisations tackle some key social issues. And we are proud to be playing a part on their road to sustainability; creating a lasting impact for the communities they support.”