This week Ulster Community Investment Trust Ltd t/a Community Finance Ireland held its all island Annual General Meeting (AGM) in Belfast’s Clifton House. As part of the AGM, the team officially launched its Annual Report for 2022.
The report published today highlights the following key takeaways:
- Ulster Region: £2.8m (€3.2m) of loans into 28 organisations
- Leinster Region: £3.1m (€3.5m) of loans into 38 organisations
- Munster Region: £0.9m (€1.0m) of loans into 16 organisations
- Connacht Region: £0.6m (€0.7m) of loans into 7 organisations
- £6.5m to 231 communities via much needed grant payments funded by the Department of Communities NI and in collaboration with NICVA
- £5.8m in loan support to 186 SME clients through the management of the Invest NI sponsored NISBLF Fund II since 2018, in collaboration with Enterprise Northern Ireland.
With a client portfolio, whose core assets are predominately its volunteers, the 89 projects saw their own belief mirrored back to them and secured term or bridging loans which supported them in:
- Providing access to facilities and services for their local area
- Expanding their businesses and growing their memberships
- Improving their sustainability and helping them achieve their long-term goals
In what was another extraordinary year for the history the organisation and for the communities and citizens on the island Donal Traynor Group Chief Executive highlighted the following in his welcome video message:
To learn more about Community Finance Ireland and discover the inspiring stories of the organisations we supported in 2022, please visit here.