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Investors turn to community projects during the pandemic | Press and Journal community investors

© Supplied by Sleat Community Trust Sleat Community Trust working in Tormore Forest Sign up for our daily newsletter featuring the top stories from The Press and Journal. Thank you for signing up to The Press and Journal newsletter. Something went wrong - please try again later. Sign Up A growing number of investors are getting behind community projects as they look for positive ventures to support during the pandemic. Businesses including hydro schemes, housing projects, a community railway and a brewery are being assisted by money raised through community shares. Community Shares Scotland, set up in 2014 with funding from the Scottish Government and the National Lottery, has experienced its busiest ever period over the last year. Eight share offers were launched during 2020 and another eight are in development.

Second life-changing homeless centre to open in Edinburgh after funds secured

Second homeless unit to be built in Peffermill Road A HOMELESS project which has transformed lives has secured funding to open a second centre in Edinburgh. The pioneering project has been running for the past 18 years and provides accommodation for men who have been long-term homeless. There are just 12 specially built flats at the base in Leith, and what makes a difference is the residents are offered a life-long tenancy. It’s one of the reasons why the Thorntree Street centre, run by charity Rowan Alba, has been a success story in helping people to change their lives. And now they hope to help more people after reaching their funding target to buy a second building in the capital’s Peffermill Road which will offer nine flats to homeless men over the age of 50.

Share issue will help build community hydro schemes in Raasay

© Supplied by Community Shares Scotland Raasay Community Renewables directors Ross Gillies, Rosie MacLeod and Ross Camilli. Sign up for our daily newsletter featuring the top stories from The Press and Journal. Thank you for signing up to The Press and Journal newsletter. Something went wrong - please try again later. Sign Up Islanders on Raasay have launched a £650,000 community share issue to help build two hydro schemes that will fund future projects locally. The development will harness the combined potential of projects at Inverarish Burn and Mine Burn, generating, on average, 520,000kWh of electricity each year, translating to annual savings of 127 tonnes of CO2 emissions.

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