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Community Finance Ireland in association with Rural Community Network and supported by the International Fund for Ireland (IFI) have delivered a series of workshops to aid the coming together of communities who straddle the border regions, seeking to develop social enterprise.

23 participants from NI and ROI communities attended a series of residentials, workshops and mentoring sessions that culminated in a final event at Lusty Beg Fermanagh. Also in attendance were the Chair of International Fund for Ireland Paddy Harte, Frances Spence of Rural Community Network & CEO of Community Finance Ireland Donal Traynor.

Participants in the NetWorks23 Communities in Partnership Programme supported by the International Fund for Ireland (IFI) and managed by Community Finance Ireland in association with Rural Community Network in attendance at the residential workshop at Lusty Beg, Co. Fermanagh. Photo Credit: Paul Moore

The participants opened their minds to working collaboratively on a cross-border, cross-community basis to aid the development of social enterprises or community projects, working in varying areas of deprivation and legacy issues arising from the Troubles.

This unique pilot’s primary role was to support the ongoing peace and reconciliation on the island through the medium of social enterprise development. Delivered through collaboration between CFI and Rural Community Network, the IFI supported programme has certainly played a positive part in continuing that ambition.

With Orange Halls and GAA clubs working side by side the programme demonstrated that whilst culturally there may be differences, there was far more in common than realised. You can hear firsthand from Donal Traynor, Paddy Harte and some of the participants on how this project came about and their experiences and the benefits of being involved.

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With an impressive agenda and a packed hotel room social enterprises were out in force in Galway this week with an impressive line up of guests.

The event was a real collaboration of those in the area and involved in the ongoing sustainability of the social enterprise sector.

Thanks to SCCUL Enterprise Centre, LEO Galway, Galway City Partnership, Galway City Council and Galway Rural Development and Enterprise Ireland for pulling together to bring it about.

Our local Relationship Manager Mary Nohilly was in attendance along with inspiring ladies such Amanda Corbett of Brothers of Charity, Geraldine Ryan from Meals4health and Betsy Cornwell of The Old Knitting Factory and she had this to say:

“The event was well received with lots of key insights that will bode well for the ongoing sustainability and vibrancy of the social enterprise sector.”

Pictured at the recent Bizmentors Social Enterprise Community Event are left to right Amanda Corbett Brothers of Charity, Geraldine Ryan Meals4health, Betsy Cornwell Old Knitting Factory and Mary Nohilly Community Finance Ireland at the Harbour Hotel Galway

If you and your community facility need advice, get in touch today. We speak finance, but we hear people and we’re listening. 

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Ballymacash Sports Academy, based in Ballymacash outside Lisburn, Co. Antrim has been able to install a new floodlit 3G pitch, car park and spectator fencing thanks to a Social Finance loan from Community Finance Ireland.

But this is just the start of the club’s ambitious developments. As Chairman Phil Trimble comments:

“It feels like the building work going up is us just getting started. There is an unstoppable force, an army of volunteers, coaches, people behind the scenes and our committee who put in phenomenal efforts to make the club what it is. It’s a brilliant place to be with a great vibe. It’s all really really positive.

In addition to providing sporting facilities on the pitch for their members, they have teamed up with local community development organisations to create a community garden and allotments which has had lasting social impact for the groups involved. One such community group led by Karl Bothwell said:

“We’ve been kindly welcomed in by the Ballymacash Sports Academy. Our young adults come here three days per week and they work at the allotments, planting vegetables and then they take the vegetables they have grown and donate them to local foodbanks and homeless charities.”

Two young adults tending to their allotments at the Ballymacash Sports Academy

Since 2016, Community Finance Ireland has supported 166 sports clubs, social enterprises and organisations from across the community and voluntary sector in Northern Ireland, with a total of £18.1 million in social finance loans, with £5.6m of that going to sporting organisations like Ballymacash.

Peter Smyth, Client Manager at Community Finance Ireland added:

“In the case of Ballymacash Sports Academy, the improved facilities has led to an increased sporting success by the club and greater usage by local schools and groups. The collective ambitions and efforts of the committee and the wider community is admirable and one that we were keen to support with social finance funding. Often capital projects like this one creates new facilities, but it also helps build momentum and shows that the club committee is delivering on the club development plan.”

During the BBC’s coverage of the Ballymacash Rangers v Glentoran match on 2 February, the broadcaster kindly featured the community’s efforts. You can play this back here at 1:13:40 in.

If you and your community facility need advice, get in touch today. We speak finance, but we hear people and we’re listening.  

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Last Friday night was a night that will go down in history for Donegal boxing club Illies Golden Gloves Boxing Club. The small club based in the foothills of the Donegal Mountains in Buncrana won big at the Ulster Boxing Council IABA Elite finals.

Two of their boxers triumphed on the night with Cahir Gormley being crowned the 67kg champion and Matthew McCole coming away with not only the 71kg title but was also announced as the Best Boxer of Championship.

Illies Golden Gloves Boxing Club’s Matthew McCole is declared 71kg Champion and Best Boxer of the Championship.

Speaking about his win, Cahir said:

“It’s a big win for me. I won schoolboy titles and probably fell short around youth level, but I kept at it, kept working hard and it’s starting to pay off now. I want to be one of the best elites- that’s what I’m aiming for. We’re going to the top, this is only the start of it.”

This sense of determination and ambition is one shared throughout the club. Cahir’s teammate Matthew McCole, who was also victorious on the night, had disappointing performance at last October’s Irish elites, and wasn’t sure whether he had any future in the sport. But with the support of the Illies Golden Gloves coaches he was encouraged to continue competing. Matthew remarks:

“I boxed poor in the last Irish elites, I didn’t know what I was going to do after that. Them boys at the Illies Golden Gloves were asking me to go to the Ulsters and I was like ‘I don’t know’. We got sparring with Aidan Walsh over Christmas but, even after that, I still wasn’t sure. I could’ve taken the easy option, Jon was Irish number two at the weight last year, but I thought if I’m going to do it, I’ll do it the hard way.”

Matthew McCole, Cahir Gormley and the coaching team from Illies Golden Gloves Boxing Club celebrate their success at the Ulster Boxing Council IABA Elite Finals.

Set up in 1998, Illies Golden Gloves Boxing Club’s ambition is not just in the ring but also to develop their facilities for the wider local community. The club approached Community Finance Ireland back in 2016, when they were awarded the finance to purchase their training facilities at the Lisfannon Industrial Estate in Buncrana and to carry out works to make premises fit for purpose as an amateur boxing club.

Mary Nohilly from Community Finance Ireland who works with the club, was overjoyed with the results, saying:

“This is a fantastic result not only for the two lads taking home the titles but also for the whole team behind the scenes who have contributed to their success. A lot of work has gone into developing the club’s facilities to give the young people of Buncrana a place to train in the sport of boxing and these two titles are the result of that work paying off. A huge congratulations and hopefully a sign of more success to come!”

If your sports club has a project in mind, but needs the funding or advice on how to get started, get in touch with Community Finance Ireland today.

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With support from Community Finance Ireland, Kilkenny County Council, and Kilkenny LEADER Partnership, Gowran on the Move will open a new state of the art, inclusive outdoor community hub in Spring 2024.  

Nestled in the heart of Gowran village, the Gowran Outdoor Hub is a one-of-a-kind project designed to bring community, wellness, and inclusivity to the area. It’s set to feature a 300-metre walking/running track, multi-use courts (tennis, basketball, and football), and an inclusive playscape for all ages/ abilities.

It will deliver a space that prioritises safety and inclusivity, catering to people of all ages and abilities, as well as fostering community engagement and strengthening social bonds by providing a space for people to gather, play, and connect, encouraging physical activity, contributing to overall health and wellbeing.

At the centre of the project is the state-of-the-art castle-themed climbing frame, the first of its kind in the Northern Hemisphere. The equipment is designed with inclusivity at its heart and children of all abilities can use the facility. It’s a flagship project to bring together all ages and abilities in an inclusive social environment welcoming all and helping to combat marginalisation.

Gowran On the Move Community Finance Ireland Social Finance
Local children test-drive the new state of the art inclusive play area.

Thanks to our support and the support of the Kilkenny Leader Partnership, Kilkenny County Council, the Town and Village Renewal Grant, and other fundraising activities the initiative has already secured €395,000. Construction has already begun, with the play equipment and courts already taking shape. The project is estimated for completion in spring 2024.

Denis Hynes, the Chairperson for Gowran on the Move said:

“We’re beyond excited to finally see our long term vision start to rise from the ground. We truly believe this one-of-a-kind project will inject fresh energy into the heart of the Gowran community. We’re now appealing to local people, businesses and organisations to help us with a final fundraising push to get the project across the line in time for a spring launch.”

Gowran Hub Community Finance Ireland Social Finance Funding
The Gowran on the Move Committee on site as the Outdoor Hub begins to take shape.

Barry Symes, Community Finance Ireland’s Head of Community Finance for the Republic of Ireland was thrilled that we could help make the organisation’s ambitions a reality, saying:

“It is such a joy to see the progress being made on the Gowran Intergenerational Outdoor Activity Hub project – an all-inclusive project that will bring life to the community of Gowran and be enjoyed by all children and their families for many years to come. At Community Finance Ireland we support a huge range of community and volunteer-led projects from sports projects to social enterprises to faith-based groups, but they all start with an idea and a group of people who want to make it work.

Mick, Denis and the team at the Gowran Hub project came to Community Finance Ireland with an idea and we were delighted to help them make it a reality. This group has long established roots in their community and it goes to show, when you have a vision for your local area, and the drive to create that change, there’s no limit to what you can do. If you would like to support the project in their fundraising goals, get in touch with Denis or one of the committee members“

If your community group has a project in mind, but needs the funding or advice on how to get started, get in touch with Community Finance Ireland today.

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Join Phelim Sharvin in Templemore Baths in Belfast for an exciting new showcase event on 8 February 2024.

Community Finance Ireland have partnered with Belfast City Council and a number of other key strategic partners to deliver On Purpose: Inspiring and Showcasing Social Business.

The event is your opportunity to hear from success stories within the Community, Voluntary and Social Enterprise Sector as well as affording you the opportunity to chat to and get advice from sustainable finance experts about the funding opportunities available to your community organisation or social enterprise.

The event is free to attend and will take place in East Belfast’s Templemore Baths on Thursday 8 February, kicking off at 9:45am and finishing at 12:15 including a light lunch. To register attendance, click the booking link:

Book Now!

The Speakers

Phelim Sharvin | Sustainable Finance Expert, Community Finance Ireland

Phelim is a Chartered Banker and has Honours Degree and Masters Level qualifications in European Regional Development, Economics & Business Management. Now Head of Community Finance NI, Phelim has had sole responsibility for the CFI loan portfolio since 2007, committing approximately £80m to the wider CVSE sector and developed a successful range of bespoke loan funds most notably in the local Sports, Childcare, Green Energy and Start-Up Social Enterprise Sectors. Most recently he led the CFI Covid Grant Fund Management Team committing £22m grant funding to the local Community sector. He is a regular judge of the Social Enterprise NI Awards and chairs the CFI annual Dragons’ Den event.

Pamela Hughes | Kids Together, Belfast

Kids Together Belfast (KTB) was set up initially by two parents passionate about providing services for families, children and young people with complex needs. KTB uses the social enterprise model to deliver these services across the Belfast and Lisburn Trust areas. They are entrepreneurial and innovative in their approach and have scaled their venture over the past 8 years to employ more than 50 people in an area of high economic and social deprivation. Pamela Hughes will share the Kids Together Belfast story including how they have lobbied for policy change in terms of self directed payments, increased services to meet local needs and diversifi ed their income to help sustain the venture for the longer term.

Rónán Ó Dálaigh | Founder and CEO, Thriftify

The Thriftify platform enables charity shops to value their donations, instantly list them across all of the leading online marketplaces, and easily ship orders to circulators around the world. The social enterprise was launched in Ireland in 2018 and has been on a rapid growth trajectory; scaling to 98% market share in Ireland and expanding quickly across the UK. With a vision of changing how and why the world shops, Thriftify is building the engine for the circular economy. Charity shops receive the vast majority of used goods and, by making these items accessible to consumers who care, the company is aiming to create a new model of shopping – one that is not only sustainable but also impactful. A champion of social enterprise, Rónán has been the recipient of the Irish Presidential Youth Award, The Chancellor’s Medal at DCU and the winner of the Irish ENACTUS award for social enterprise. He was also voted a ‘Young Global Shaper’ by the World Economic Forum.

Alice Thompson | International Speaker and Purpose Coach

A proven Social Business Leader, Alice co-founded Social Bite, an Edinburgh café designed to employ and feed the homeless community. It now boasts 9 outlets, 100+ employees and has been visited by the likes of George Clooney, the Duchess of Cambridge, Bill Clinton and Leonardo DiCaprio. Alice and her team made Social Bite a nationwide success, distributing over 150,000 fresh food items each year to those in need and campaigning for policy reform. Alice was also pivotal in the establishment of ‘The World’s Big Sleepout’ which took place in 52 cities across the globe with stars such as Will Smith and Dame Helen Mirren reading bedtime stories to participants. A recipient of the RSGS Livingstone Medal, which is also held by the likes of Sir David Attenborough and Neil Armstrong, Alice is now an international speaker and one of the UK’s best known purpose coaches.

Hope to see you on 8 February.

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– £18 million social finance provided to Northern Ireland voluntary sector since 2016 –

Kilcreggan Homes, an independent charity that provides housing, day and employment opportunities for adults with a Learning Disability, Autistic Spectrum Condition or an acquired brain injury, is expanding its residential accommodation offering with £85k support from social finance providers, Community Finance Ireland.

The charity has received a total funding package of £240k from Community Finance Ireland in 2023. The package includes refinancing of existing accommodation loans, £85k towards the purchase of a property to support the rehabilitation of a client with complex needs and a £5k charitable donation to Kilcreggan Homes, towards developing its Mid Ulster Sanctuary site near Magherafelt.

Since 2016, Community Finance Ireland has supported 166 social enterprises and organisations from across the community and voluntary sector in Northern Ireland, with a total of £18.1 million in social finance loans.

Phelim Sharvin, Head of Community Finance Ireland, Northern Ireland said:

“The team at Kilcreggan Homes is hugely ambitious and has worked hard to widen the organisation’s portfolio in the past year. Across multiple sites including an urban farm and supported living properties in Carrickfergus, the charity helps 160 clients every week and achieves a clear social impact through the delivery of a high quality essential care service. Community Finance Ireland has provided £18million in social finance to Northern Ireland’s voluntary sector since 2016 and we’re proud that almost a third of that has gone to organisations like Kilcreggan Homes, which delivers Community Services and Health and Wellbeing services.”

Kilcreggan Homes Community Finance IReland
L-R, Phelim Sharvin, Head of Community Finance Ireland, Northern Ireland, Damien Cassidy, Managing Director of Kilcreggan Homes and service users Lynn and Grace pictured at Kilcreggan Homes Garden Centre.

Damien Cassidy, Managing Director of Kilcreggan Homes said:

“The financial support from Community Finance Ireland allowed us to restructure existing debt and in turn to plan for the purchase of a property in Newtownabbey and develop our Mid Ulster site. As well as our urban farm, our café, garden centre and pop up Christmas shop welcome 15,000 visitors annually and provide service users with training, day opportunities and employment.. We have a resource centre where they can socialise and the purchase of the residential properties close by means we can now also offer further independent living opportunities to complex needs service users. We very much appreciate the advice from Phelim and his highly experienced team throughout the process, along with their enthusiasm for our vision.”

Read more stories from Community Finance Ireland’s clients here.

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Social finance is a unique form of funding. It helps communities and social enterprises make progress and build sustainable services whilst creating that elusive “social impact” footprint.

It can help projects move to the next exciting stage and many of our clients have done so by accessing both flexible term and bridging loans.

Here at Community Finance Ireland, our team have 21 years experience working with sports clubs (Kilcoo GAC, Co. Down), health/social care services (Foyle Women’s Aid. Co Derry), community halls (Billy’s Tea Rooms Co. Kilkenny) and digital hubs (Sneem Co. Kerry); all of whom have found that social finance enabled them to achieve social impact in their local communities.

A social enterprise, charity or community-led organisation may find themselves looking at their finance needs when assessing a project. While grants can play a role in supporting their objectives, there are those in the sector who also understand that a loan can be part of the solution and help build that new sports facility, re-roof the church, support additional employment or build office facilities in a remote village.

If your organisation is considering a new project, restructuring its finances or has an idea that will drive social impact then here are the Top 5 Tips that will make it easy for you to apply for a social finance loan:

Top 5 Tips for Success:

  • Tell us about yourself

Share what issues you are seeking to address, the facilities you wish to develop or the opportunity you see in your local communities.

  • Confirm Eligible Legal Status

Ensure appropriate governing documents are in place and the applicant organisation has the appropriate power to borrow. Outline the details of those responsible including the list of Directors and/or Trustee

  • Management Team

Highlight the positive attributes of the people behind the project, including: Commitment to improving their community, Track Record, Professional Experience and Skills. Also, evidence clear communications and insights along with sound financial management skills.

  • Financial Performance

Financial stability is a key way to show your organisation will be able to repay a  loan. Alongside financial stability, factor in the social and environmental impact too.  Your ability to repay is assessed by looking at past, present and future finances. These typically include:

  1. Access to previous projects results.
  2. A review of past audited accounts.
  3. Assess relative trends and fundraising capacity.
  4. Recent management accounts, loans held, bank statements and debtors/creditors listings.
  5. Future financial projections.
  • Demonstrate Social Impact

Typically our successful clients are driven by local job creation, local facility development, delivery of health & social care support plus the promotion of diversity and inclusion.

Our Clients Choose Us, as We Offer:

At Community Finance Ireland, We Speak Finance. But We Hear People.

In summary, social finance continues to grow in popularity as a route to helping change-makers deliver the change they want to see and be part of. Whatever you see and whatever it is that you dream of we are waiting to hear from you.

Get in touch here: https://communityfinanceireland.com/contact/

Ends.

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As an all-island brand, with a growing team, our colleagues live and work in Down, Antrim, Meath, Donegal, Waterford, Limerick, Cavan, and Louth. Whilst they also have the option to work at our dedicated office spaces located in Ardee, Co. Louth or in Belfast City Centre.

In light of both the NI and RoI governments’ decision to relax Covid restrictions our team are now working “the new norm”.  

With Northern Ireland’s growing confidence in an office versus home working environment and the Republic of Ireland creating a Bill to pass legislation protecting employees working from home (The Right to Request Remote Work Bill 2021) the traditional five days a week, office based working model is now clearly in transition.

Our team at CFI, have technically spent the best part of the last two years working from home (often at the kitchen table or in some cases a bedroom) and as we settle into our new norm, we asked our people what were the pros and cons they learnt from their experience and how will this experience support them in their day-to-day delivery of social finance solutions to grassroots community clients and projects.

Here’s what they had to say:

“With my home base at Strangford Lough, a hybrid working model allows me to maximise my use of time effectively as I can block out days for new client meetings and when at home, focus on administrative aspects.”

Phelim Sharvin, Head of Community Finance N.I

“Hybrid working is great and allows all colleagues to work where most comfortable. For me, being in the office is important for setting my own boundaries between work and home-life.”

Peter Smyth , Client Relationship Manager N.I

“Working from home has really helped me flourish in my career. I thrive on quiet time where I can focus on strategic papers or analytics and have found zoom meetings suit my working style.”

Nicky McElhatton, Marketing and Social Media Executive

“I joined CFI during the pandemic. My role is Front of House and I really enjoy the office environment. With a newly designed office space in Belfast, I can continue to work safely alongside others.”

Nick Heath, Front Office Administrator

“Having a blend of working-from-home and the office breaks up the week. With a flexible working schedule, this has really helped give me an improved work-life balance.”

Stephanie Nicholl, Compliance Officer

“Working-from-home is something I have gotten used to. Although, I do miss the aspect of being in the company of my colleagues as work relationships are not always the same behind a screen.”

Sandra Cowan, Finance Officer

“My week is usually now 70% office based with 30% working-from-home. I have adapted well to this new rhythm and have also found that as a Manager of a team, the trust with my people has improved greatly.”

Barry Connolly, Group Chief Financial Officer

“The ability to work remotely has given me the chance to spend more time at home. With less distractions, my time spent working is more productive and I have my cats for company, all day.”

Emma Thompson, Finance Executive

“A blended approach allowed me to meet colleagues whom I would not of come into contact with as much whilst working remotely. I am able to create relationships were I can reach out to colleagues from different departments which is hugely beneficial as I start my career.“

Jack Lennon, Marketing Intern

“Hybrid working works excellently for me with a team based all over the country. It offers me the ability to work wherever I might be needed, for both my team and my clients. As long as my phone and laptop charger are optimized, I find the flexibility of different working locations can ensure I can be where I am needed at all times.”

Emmett O’Hara, Head of Community Finance RoI

“My role finds me on the road quite a bit, meeting clients. This regular travelling is balanced by my ability to work from my home on days where I am liasing with other team members and assisting clients from a remote location.”

Anne Graham, Client Relationship Manager Donegal and Connacht

“My role has always been remote and as such, the hybrid working model has little impact on that working style. But what has been welcome, is that many of my colleagues now also have the same working pattern.”

Barry Symes, Client Relationship Manager South East Leinster and Waterford

“I joined Community Finance Ireland just over six months ago and have found zoom meetings invaluable in helping me connect with my new work colleagues.”

Nora Keogh, Client Relationship Manager Munster

“Working from the office is a key benefit to me that helps with my part-time hours and the logistics of family life. Office based work continues to be my personal choice but it’s great to have the ability to work from my kitchen on occasion.”

Terri Martin, Office Manager and Micro-Finance Lead RoI

“Working remotely has never been a barrier to my ability to deliver great work or to engage my colleagues or agency partners on key projects. I have found that meeting in person is always welcome but that with excellent IT support working from home offers a flexibility that really suits my way of working. This new norm has shifted me from a ‘work – life balance’ view to a ‘life –work balance’ view and I love it.“

Lita Notte, Head of Marketing and Communications

“A hybrid structure has worked well for me. With the flexible option of remote work or going to the office I have a genuine sense of work-life balance. Time not spent commuting has been redirected to time spent in my local community.”

Pauline Carolan, Office Administrator

“A hybrid working system has been great for everyone here at CFI. With a small team, it allows us to grow resources in all regions of the island and connect with all communities. We swiftly introduced technology and IT supports to help our people and give them the tools they needed to continue to liaise with clients and each other. For me personally, it is great to have a balance with a new Belfast office acting as a hub in more recent months.”

Donal Traynor, CEO Community Finance Ireland

In summary, much like the uniqueness of our people, hybrid working offers different things for everyone. But in essence flexible working practices (either office or home) is successful and our team are very much “fans” of the new norm.

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Last week Donal Traynor our CEO was on hand to help ‘Dress for Success’ expand its reach in Northern Ireland.

As the leading global non-profit employment resource for women our team were on hand to celebrate the initiatives expansion in Northern Ireland, with the opening of a second branch, situated at the Glengall Exchange, in Belfast City Centre, under a new tenancy from Community Finance Ireland.

Dress for Success Northern Ireland is managed by Foyle Women’s Aid and to date has supported over 200 women through its first branch which opened in 2018 in Ashleywood House, Derry/Londonderry. 

This is the only affiliate of the global Dress for Success brand operating in the island of Ireland, there are more than 140 affiliates operating in 20+ countries across the globe and marks an important achievement in the organisation’s growth and reach in Northern Ireland. 

Dress for Success empowers women into the workplace from positions of disadvantage by providing professional clothing and styling, skills and confidence, interview coaching and ongoing support once they re-join the workplace. 

“As an equal opportunities company, as well as a registered social enterprise and charity ourselves, our team is delighted to support Dress for Success and aid their ambitions to help women going back to work.

We feel privileged to be able to host the Dress for Success Northern Ireland team, as well as its future service users at our premises, and wish them every success in this new chapter of their history.”

Donal Traynor, Group Chief Executive Officer (Community Finance Ireland)

To find out more about Dress for Success or to refer to its services please contact Sarah Quinn, Programme Manager, 0771 963 681 or email sarah.quinn@foylewomensaid.org.

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