“We were particularly attracted to DITT’s move to an employee ownership model and its commitment to addressing local problems, both of which resonate with us as an impact investor. Members of a community are best placed to know what they need to support a thriving environment. Our role is to provide them with the means to realise their ambition and unlock multi-fold community benefits.”
Key Information
Key Mission
Improving Places
Amount Invested
730k
Location
Shetlands
Key Quote
Peter Tait, Managing Director of DITT Construction Ltd, said: “We are haemorrhaging talent and opportunity in Shetland due in part to the lack of affordable places for workers and young people to live. The loan facility from the Bank is enabling us to build what we hope are the first of many MMR developments.
“Our move to employee ownership was motivated in part by our desire to ensure we could continue to provide long-term employment opportunities, including our annual intake of apprentices. We know all-to-well the housing challenges workers face, and we are committed to being part of the solution and brining tangible benefits to our community.”
Alignment to the United Nation's Sustainable Development Goals
All of the investments the Bank makes support the UN's Sustainable Development Goals. This investment supports the goals below:
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Goal 3
Good Health and Well-being
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Goal 11
