SCRT_LogoThe Scottish Community Re:Investment Trust, a new independent charity aiming to transform how Scotland’s third sector uses and thinks about its finances, was launched last week. The trust’s first initiative is a specially designed new savings account.

With a lack of Scottish-focused banks offering any longer a transparent way for people or third sector organisations to invest in line with their values – and with the existing financial framework failing to adequately meet the needs of charities and socially focused organisations – the trust is setting out to create radical change.

It plans to help independent charities and socially beneficial organisations to harness their collective assets, strengthen their financial expertise and gain access to financial services tailored to their specific needs.

The new Anchor Savings Account – provided by Airdrie Savings Bank, Britain’s last independent savings bank – offers a fresh and tailored focus for third sector savings. By connecting hundreds of separate accounts beneath one umbrella, the pioneering account will increase the impact of the sector’s shared financial clout.