JESSICA (Scotland) Trust
A new £15 million investment in Scotland to help disadvantaged urban communities most affected by serious disadvantage to become stronger through their own efforts.
- Application deadline:
- This programme is now closed
This programme is now closed for applications.
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The £15 million JESSICA (Scotland) Trust was established by BIG to build on the European Investment Bank’s Scotland JESSICA Fund (SJF). It invests in complementary projects that create opportunities for local people and community-led organisations to develop locally owned, led and controlled assets that will lead to local regeneration. By working in this way BIG will ensure change and development are shaped by the communities concerned.
In a competitive process the Scottish Community Foundation was assessed by BIG to be the best of the seven proposals received from organisations and consortia interested in setting up the JESSICA (Scotland) Trust. The Trust will invest in projects that deliver community assets, or assets under community control, where they meet BIG’s outcomes agenda. The Trust is an independent body working to the stated objectives and governed by a Board of Trustees who will take the key investment decisions and be responsible for the Trust Fund’s governance.
Funding will be targeted at geographic neighbourhoods of greatest disadvantage (13 designated areas) in Scotland. Successful projects need to demonstrate they could bring together agencies and communities to develop a common approach to activities and funding, and ensure local people have a genuine say in developing their communities.
BIG wants to maximise the influence held by local communities over developments that will bring about regeneration. We want to provide certainty, longevity and a model that can invest and re-invest for the long-term benefit of communities.