Series 6 - Scottish Community Enterprise Investment Fund plc (SCEIF) records

Identity area

Reference code

GB 1847 SECS-CBSN/6

Title

Scottish Community Enterprise Investment Fund plc (SCEIF) records

Date(s)

  • November 1984 - December 1999 (Creation)

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15 boxes

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Scope and content

This series consists of 6 sub-series:

  • Legal and strategic documents of SCEIF, September 1988 - January 1998
  • Annual general meeting papers of SCEIF, September 1990 - September 1998
  • Investment Fund Working Party and SCEIF Directors' meetings and correspondence, December 1988 - December 1999
  • Correspondence and research of John Pearce for SCEIF, November 1984 - March 1993
  • Marketing, media and presentations for SCEIF, 1989-1993
  • SCEIF shareholder administration, September 1989 - November 1993

 
The Scottish Community Investment Forum (SCEIF) plc was a subsidiary company of CBS, set up in 1989, specifically to lend to Scottish community businesses. Registered in Scotland, no. 119352. It was launched by its Chair, Sir Kenneth Alexander, on 26 September 1989 at an event in Glasgow. Regional launch events were held in other locations across Scotland. Members of the public, local authorities, commercial and other organisations were invited to purchase shares. It was a “closed end” fund with its shareholders due to be repaid in November 2000 or earlier. The fund raised £0.5 million to lend to community enterprises via an appraisal process. Needleworks Ltd, Glasgow, and Barra Community Co-operative were the first two loan recipients and in the 10 years of operation £340,000 of loans were granted. However, the fund was too small to be self-supporting and was wound up at the EGM on the 7 December 1999. SCEIF shareholders were given the option to transfer their shares into the larger ‘Investors in Society’ fund for which the Charities Aid Foundation had set up a Scottish office.

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A copy of the prospectus and photographs of the SCEIF launch event in Glasgow are held in SECS-GB/1/2 Scottish Community Enterprise Investment Fund plc promotional material.

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