New community-owned housing project in Scottish Highlands backed by Royal Bank of Scotland

New community-owned housing project in Scottish Highlands backed by Royal Bank of Scotland

A new £3m social housing project, built by the Fort Augustus and Glenmoriston Community Company (FAGCC), has officially opened with support from Royal Bank of Scotland.

The development in Fort Augustus, near Loch Ness, opened in late October and comprises of 12 new homes for local families. Each home has been designed with the latest green energy technology including air source heating and longer-lasting materials such as locally-sourced stone from an adjacent borrow pit.

The development also includes cycle stands to encourage active travel among the local community, and the grounds have been landscaped with over 500 trees and shrubs including fruit trees and soft fruit bushes.

The initiative was launched with support from several funders including Royal Bank of Scotland which made up a final shortfall of £150,000, via a loan, funded by Falck Community Benefit. Other funders included Scottish Government, SSE Renewables Sustainable Development Fund, Stronelairg Wind Farm Ltd operated by SSE Renewables, Bhlaraidh community fund, Beinuinn Wind Farm Community Benefit and Social Investment Scotland.

Harry Whiteside, Chair of Fort Augustus and Glenmoriston Community Company, said: “Good quality, affordable housing is essential to help attract and retain people in Scotland’s remote and rural communities, so it is fantastic we have been able to complete this project of 12 homes to such a great standard, and with sustainability in mind. We are very grateful for all of the generous support from our funders which has enabled us to invest locally.”

Alex O’Brien, Relationship Manager at Royal Bank of Scotland, said: “Fort Augustus and Glenmoriston Community Company has been a customer of Royal Bank since 2012 and we’ve witnessed first-hand the long-term benefit it can provide to the local, rural community. We are committed to working alongside our customers to help put in place credible plans that will allow them to thrive as we transition to a low carbon economy. It was a privilege to play a role in supporting Harry and the team with this latest project.”

Header image shows Shaun Sloggie, one of Caledonian Courts new tenants.

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