As a not-for-profit organisation, any surplus generated over the financial year is re-distributed into SPA’s Community Benefit Fund. SPA’s Executive Board members are eligible to apply for a portion of the fund each year to use for projects for their local community.
We work in partnership with Lintel Trust who manage the fund and support Executive Board members in their delivery of community benefit projects, including sourcing match funding. Projects and causes must meet specific criteria determined by partners to ensure the Fund is used to support local needs and communities.
It’s been another busy and successful year for SPA’s Community Benefit Fund with over £220,000 distributed through the fund and match funding to projects across Scotland. From COVID-19 relief projects to community First Aid training, this year SPA’s fund has almost 19,000 beneficiaries through 15 projects.
At SPA, we continue to celebrate our achievements throughout the year, registering our 100th partner, over £237 million worth of projects procured, introduced our first ever blended procurement solution and much more.
In the second wave of projects, SPA’s Founder Partners utilised the Fund for a wide variety of projects from tackling holiday hunger for school children to promoting digital inclusion for socially isolated residents.