RBS Social and Community Capital supports rebuilding of Scottish harbour


RBS Social and Community Capital supports rebuilding of Scottish harbour

Hugging the Scottish coast north of Aberdeen lies Sandhaven Harbour – a community business which suffered damage in the 2012/2013 UK storms.

Supporting communities

12 October 2015

Sandhaven and Pitullie Harbour Trust, which is responsible for the running of Sandhaven Harbour, aim to develop the harbour’s east basin and marina to upgrade it into a tourist attraction. However, in 2012/2013 powerful storms wreaked havoc on the harbour, damaging it and creating the need for vital repairs.

The north breakwater, constructed from heavy cut stone, was completed in 1838. After the enormous storms of 2012/2013 some of these foundation stones became dislodged and with parts of the wall unsupported there was a danger that it could collapse, leaving the harbour unprotected. The harbour has close links with the nearby town of Sandhaven and the collapse could have had a knock-on impact on the local economy. 

The repairs were to cost the Sandhaven and Pitullie Harbour Trust £25,000 and Marine Scotland was willing to award a grant for this money if the Trust could show proof that the work had been completed. To support the Trust, RBS Social and Community Capital (RBS S&CC) approved a £25,000 bridging loan without which the repairs could not have been carried out. A further two bridging loans were approved to enable the Trust to obtain vital money from other funders.

RBS S&CC is a standalone charity which provides loans from £30k to £500k to viable charities and community development projects that are unable to access mainstream finance. RBS S&CC has approved over £7.4m of loans to social enterprises and community finance organisations since 2012.

Related articles

Serving society

Serving customers well means more to us than delivering great customer service. We want all our customers – and the customers of the future – to make better financial decisions for the long term, and achieve the best possible financial wellbeing. We also want to be viewed as a responsible business, serving today’s customers in a way that also helps the future generation. This commitment is key to achieving our ambition to be number one for customer service, trust and advocacy.

RBS to cycle 500 miles for Sport Relief

RBS will partner with Sport Relief 2016 to cycle 500 miles, from London to Edinburgh, to raise money for the charity.

Latest news

Royal Bank of Scotland hosts ‘Easy Wins Live’ event

The event explored today’s ‘always on’ world and the pressure Scots face as they struggle to balance life inside and outside of work.

To win the fight against fraud and scams, it is vital to educate young people.

Primary school children in Currie, Edinburgh put on their detective hats last week to learn more about fraud and scams thanks to the Royal Bank of Scotland MoneySense programme. Les Matheson, CEO of Personal Banking, tells us why it’s so important to financially educate young people.

New NatWest debit cards now accessible for all customers

New card features are being rolled out from today with all cards having a notch and raised dots.

Set Tab for lightbox