New Chair of Social Investment Panel Announced

New Chair of Social Investment Panel Announced
Social Investment Scotland
23.11.11

Social Investment Scotland (SIS) is delighted to have secured the services of David Cook as Chair of the next Scottish Investment Fund (SIF) Panel.  In his day job, David is Chief Executive of Wasps Artists’ Studios, a creative social enterprise which specialises in developing and managing affordable workspace for the cultural and creative industries across Scotland. Wasps has grown to become one of the largest organisations of its kind in Europe, supporting 750 artists each year at 19 urban, rural and island locations, with a turnover of £1.5m and property assets of £4.5m.

The Scottish Investment Fund (SIF) is a revolving fund provided by the Scottish Government in their drive to invest in communities across Scotland to support jobs and promote economic growth, and is delivered by Social Investment Scotland, a social enterprise committed to making strategic investments in social businesses to enable them to upscale and transform the size of their operations.

The aim of the £3 million fund is to invest in new, innovative and pioneering models of social enterprise and it was highly over-subscribed before it closed for applications in October.  Successful applicants will be presented to the Investment Panel which is comprised of a range of invited senior people from within the social and financial communities in Scotland who share an interest in the development of social enterprises and the vital role of social investment within the Third Sector.

New Chair of the panel David Cook, who shall serve for 1 year, said "I’m delighted to continue to support the Scottish Investment Fund in growing social enterprises across Scotland, helping to shift mindsets and bringing to life so many good ideas.  Edel Harris steered the investment panels so well and if I can carry on her good work, I’ll be very happy."
 
The recently appointed Chief Executive of SIS, Alastair Davis, commented “Wasps, as a sustainable, pioneering model of social enterprise, very closes matches the overall aims and objectives of the Scottish Investment Fund and we feel that David will provide valuable leadership of the Investment Panel.”