Plastic bag fund breaks £1m barrier

PLASTIC bag charges have allowed supermarket giant Asda to provide more than £1m in small loans to communities across Scotland.

The Asda Community Capital fund, set up in partnership between Social Investment Scotland and the supermarket, uses half of its proceeds from the Scottish Government’s 5p carrier bag charge to provide loans ranging from £10,000 to £50,000.

Alastair Davis (pictured), chief executive of Social Investment Scotland, said: “We are absolutely delighted to have passed the £1m mark for Asda Community Capital. The fund has been instrumental in supporting local groups.”