Blog: A New Year, a new Trust to benefit the PRS



SafeDeposits Scotland TrustA New Year is a time for new ideas, and we are now looking for yours. As Scotland’s only not-for-profit tenancy deposit scheme, we are in a unique position to give something back to the private rented sector and so we are delighted to announce the launch of the SafeDeposits Scotland Trust.

The Trust is a new grant-giving charity aimed at promoting education, training and best practice in Scotland’s private rented sector, by funding projects which provide tangible benefits to landlords, letting agents and tenants alike.

We strongly believe those actively involved in the sector will be able to think up innovative and creative ways to spend these funds to ensure the PRS will be the best that it can be for years to come.

As a result, the SafeDeposits Scotland Trust is inviting landlords, letting agents and tenants to suggest possible projects which will improve Scotland’s private rented sector for the benefit of those who live and work in it.

The key aims of the projects we fund are to advance best practice in customer service by landlords in Scotland and increase awareness among tenants of their rights and obligations. We also intend to promote alternative dispute resolution in instances where tenants and landlords fail to agree.

For example, if you can think of a project which could advance best practice in customer service by landlords in Scotland, tell us about it.

We’d love to hear if you have thought of a practical solution to ensure all tenants know their rights and are aware of their responsibilities as tenant – and maybe we can help

Maybe you have resorted to legal action and now have a suggestion on how to resolve disputes in ways which may be more effective than going to court. If so, we would like to hear from you.

We will consider all ideas, and may be able to fund some quickly. Other proposals may need further development before they are eligible.

All we ask is that ideas fulfil the aims of SafeDeposits Scotland Trust by enhancing the workings of the private rented sector in Scotland. This could be through advancing education or information, and providing tangible benefits to current or prospective landlords and tenants.

The Trust is funded and grants are awarded by Scotland’s only not-for-profit tenancy deposit scheme SafeDeposits Scotland which safeguards over 92,500 deposits of private rented tenants under Scottish law

Since the SafeDeposits creation in 2012, the company has become Scotland’s leading tenancy deposit scheme and securely holds 60 per cent of the country’s deposits under protection, which adds up to over £68 million.

So if you have a bright idea which you think can make a difference this year, please get in touch at info@safedepositsscotlandtrust.com.

  • This article was first published by TC Young.



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