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.
Posted on
Share this article:
Dolmen Leisure Company CLG has announced it has successfully secured €175,000 in LEADER funding, which has been formally approved by the Donegal Local Development Company and Donegal LCDC, to establish a new Thatching School at the Dolmen Centre in Kilclooney, Portnoo, Co. Donegal.
The project, developed by the committee of Dolmen Leisure Company CLG, aims to support the continuation of the craft of thatching, which is an integral aspect of vernacular architecture in Donegal and Ireland.
With 75% of the construction costs covered by LEADER funding, the committee is actively raising funds to secure the remaining 25% through other funding and donations. The Thatching School will provide training in thatching delivered by master thatchers, who are keen to pass on their skills and knowledge. This unique educational facility will create employment opportunities and boost tourism in the area, offering a rewarding role to those who are seeking to work for themselves.
Speaking about the initiative, Patsy Harkin from Dolmen Leisure Company CLG, said:
“One of our founding members of The Dolmen Centre, Conal Shovlin, first mooted this idea for Portnoo and tried to secure funding over 20 years ago so we’re thrilled to see our plans come to fruition after all these years. We’re excited to have professionally trained thatchers pass on their skills and keep this dying trade alive. The Thatching School and its construction is no longer a dream but will now be a reality.”
Sinéad McLaughlin, Rural Development Manager, DLDC, expressed her support for the Thatching School:
“DLDC is delighted to support the Dolmen Leisure Company CLG in their efforts to establish the Thatching School through its LEADER programme. This project will not only contribute to the preservation of an important cultural heritage but also create employment opportunities and boost tourism in the area. We look forward to seeing the Thatching School thrive and the continuation of this unique craft.”
Dolmen Leisure also thanked Community Finance Ireland for providing interim finance for the project. Barry Symes, Head of Community Finance ROI, said:
“The team at Dolmen Leisure Company CLG are a fantastic example of visionary community spirit. We are delighted to be able to help finance this project and welcome the opportunities both of employment and future tourism that the project will bring to the area”.
Paddy Mc Hugh Building Contractors Ltd has been appointed as the local contractor, and Cornerstone Architecture in Ardara will be responsible for the design and supervision of the build. The planning permission was approved by Donegal County Council in mid-2022.
Posted on
Share this article:
First cross-border workshop held in Derry~Londonderry as part of delivery programme for project supported through the International Fund for Ireland.
An ambitious cross-border project is bringing people together to deliver a capacity building programme that will make border communities more sustainable.
NetWORKS23 is funded by the International Fund for Ireland’s (IFI) Communities in Partnership Programme (CiPP). It has a strong focus on developing and embedding sustainable relationships on a cross-border basis through supporting cooperation and innovation between groups and organisations North and South.
The project is being led by Community Finance Ireland in partnership with Rural Community Network. Both organisations bring a wealth of experience in social enterprise, finance, peace building and reconciliation.
Through a shared learning approach, NetWORKS 23 will facilitate cross-community and cross-border engagement with people who have had limited opportunities for collaborative working. The Project targets community and voluntary organisations in Derry, Sligo, Leitrim, Cavan, Fermanagh, Donegal and Tyrone.
Participants to date have attended residentials in Sligo and a cross-border workshop in Greysteel at the Vale Centre. The daylong seminar provided practical insight into the Vale Centre’s commercial activities, revenue generation and how a social enterprise approach feeds into the public and social services offered to the wider community.
NetWORKS23 aims to build progressive partnerships that will deliver meaningful benefits for communities on both sides of the border and raise awareness of the issues and challenges while also contributing to the wider peace building work of the IFI.
Commenting on the project, IFI Chair Paddy Harte says;
“The NetWORKS23 Project is timely as border areas have traditionally suffered from isolation, lack of investment and the ongoing legacy of The Troubles. It is important to examine how we can improve reconciliation between rural Unionist and Nationalist communities to help build resilience and develop local leadership. This initiative will provide the necessary training for participants to examine the long-term development of their own projects within a wider peace and reconciliation context.
The IFI is committed to delivering cross-community and cross-border outreach, encouraging challenging conversations to deal with a range of issues. We are particularly pleased to support this project under CiPP, which values innovation and the creation of positive and long-lasting relationships between cross-border communities who share similar challenges.”
Donal Traynor Group CEO of Community Finance Ireland had this to say:
“Community Finance Ireland are delighted to lend their support to this cross-border initiative. Our support for the ongoing prosperity and development of all communities has been in place for over 21 years and our commitment remains for this generation and the next.”
Posted on
Share this article:
Community Finance Ireland are delighted to announce that we have been awarded the Social Enterprise Mark Accreditation. This prestigious accreditation demonstrates that the company is creating real benefits for people and the planet, and is committed to social impact.
The Social Enterprise Mark is an independently assessed accreditation that recognizes organizations that are operating as social enterprises. This means that they are using business to create social and environmental impact, and are committed to reinvesting their profits back into their mission.
Community Finance Ireland’s CEO, Donal Traynor, expressed his excitement about achieving the Social Enterprise Mark accreditation, saying:
“We are thrilled to have received this accreditation, which confirms our ongoing commitment to creating positive social impact. At Community Finance Ireland, we believe that social finance can play a critical role in building a more equitable and sustainable future for everyone. Our recent Social Value Impact report and findings further demonstrate how social finance is working to achieve great results, and we are committed to continuing this important work.”
The Social Enterprise Mark is awarded by Social Enterprise Mark CIC, the leading global authority on social enterprise. To achieve the accreditation, Community Finance Ireland underwent a rigorous assessment process that evaluated the company’s social and environmental impact, governance structures, and financial sustainability.
As a registered social enterprise, Community Finance Ireland is committed to using finance as a tool for positive social change. The company provides affordable loans to community and voluntary organizations, social enterprises, and charities across Ireland, helping to build stronger communities and support important social causes.
As well as recognising Community Finance Ireland’s dedication to achieving high quality social impact, holding the mark demonstrates our commitment to effective good governance controls, stakeholder engagement, financial transparency and ethical and good business practices.
Stephanie Nicholl, Compliance Officer at Community Finance Ireland said:
“The Social Enterprise Mark recognises and builds the capabilities of social enterprises as sustainable businesses that are dedicated to maximising social impact. The Mark recognises the value of our social impact, specifically with our clients that we work with in the Social Enterprise sector across areas such as sport, arts and heritage, community organisations, faith and church groups and the workspace provision.”
Stephanie further explains the importance of the recognition in the short video below:
Posted on
Share this article:
– £18 million social finance provided to Northern Ireland voluntary sector since 2016 –
Loughgiel Shamrocks GAC, based outside Ballymoney, is celebrating a win of a different kind. The club is set to repay a £250,000 loan to social finance providers, Community Finance Ireland in full after just five years, following investment in new club facilities including a sand pitch and ball wall.
With no penalty incurred for early repayment, Loughgiel Shamrocks hit fundraising targets early using a patron scheme fundraising strategy, where members and friends of the club commit to supporting loan repayments.
Sean McNaughton, former Treasurer of Loughgiel Shamrocks GAC, said:
“Our Development Committee identified a need for better facilities due to increased participation in sports in the area. After purchasing land, we needed financial support to construct a sand pitch with floodlights and fencing and an enclosed, floodlit ball wall with a 3G surface. We knew that Community Finance Ireland was familiar with the GAA and the needs of local clubs, and we very much appreciated their fast decision making, advice and of course flexibility, allowing us to repay our loan early without penalty.”
The facilities at Loughgiel GAC are used by local club teams, Antrim County Hurling and Camogie teams and primary and post primary schools in the area.
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.
Peter Smyth, Client Manager at Community Finance Ireland added:
“When we provide a loan to a GAA club, often towards a capital project like new facilities, it helps build momentum and shows that the club committee is delivering on the club development plan and is therefore worth supporting.
In the case of Loughgiel GAC, the improved facilities led to an increased sporting success by the club and greater usage by local schools and groups. The collective efforts of the committee, club members and supporters of Loughgiel to repay this finance in just five years, is an example of people power at its very best.”
Community Finance Ireland has provided £18million in social finance to Northern Ireland’s voluntary sector since 2016 and we’re proud £5.6m of that has gone to sporting organisations like Loughiel.
– £18 million social finance provided to Northern Ireland voluntary sector since 2016
Belfast charity, Kids Together, has purchased a new premises on the city’s Springfield Road, with £150,000 support from social finance providers, Community Finance Ireland. The purchase will allow Kids Together to provide services for 408 children and people with complex needs each year, in response to increasing demands from local health trusts.
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 rate at which Kids Together has expanded its service offering is indicative of the team’s professionalism and expertise and their desire to respond positively to the ever-increasing needs of individuals and their families. We’re delighted to support the next phase of Kids Together’s growth and development. 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 Kids Together, which delivers Community Services, Childcare and Health and Wellbeing services.”
Kids Together was established in 2005 and delivers wide-ranging childcare, youth programmes and specialist care/therapy support for children and young adults with complex disabilities. Service users are located across the Greater Belfast area and growing demand from Health Trusts and families created the need for a new property.
Mairead McCrea who founded the charity explains:
“The demand for our services has risen every year since 2005 and the acquisition of the new property, which includes a lift for service users, is a great opportunity for Kids Together to help secure our future and deliver key services on-site . The social finance support and advice from the team at Community Finance Ireland that allowed us to move forward with the of our new property, has been invaluable. Phelim and the team really understand and encourage our plans for growth and development. We couldn’t have made the new property purchase and therefore extend our services without their help and advice.”
– £18 million social finance provided to Northern Ireland voluntary sector since 2016
Ballymoney-based, Compass Advocacy Network has purchased and developed a social farm which provides training and leisure opportunities for over 50 people with learning disabilities each weekday, with support from social finance providers, Community Finance Ireland. A total loan value of £350,000 enabled the purchase of the 11-acre site and farmhouse outside Ballymoney, and the subsequent installation of phase-3 electricity and upgrade of the farm’s outbuildings.
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.
Peter Smyth, Client Relationship Manager at Community Finance Ireland said:
“Each time we meet the team at Compass Advocacy Network, we are blown away by their innovation and ambition. 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 ideas and a group of people who want to make it work.
The opportunities that Compass Advocacy Network provide for vulnerable adults from across multiple sites are incredible and we were delighted to support the purchase and development of Lislagan Farm.
We are proud to have made almost a third of our £18 million social finance available to organisations like Compass Advocacy Network, which deliver Community Services, Childcare, Health and Wellbeing and Education and Training.”
The Compass Advocacy Group was established in 1997 to provide education, learning and employment opportunities to vulnerable adults. CAN’s bases provide social and leisure opportunities for over 50 people with learning disabilities per day, 5 days a week in Ballymoney, Ballymena and Coleraine.
Janet Schofield, Chief Executive at Compass Advocacy Network explained:
“As a user-led organisation, the people we support are at the heart of our decision making. As well as social and leisure opportunities, our social enterprises which include recycling, upcycling and retail, give our users real work-based training towards employment.
The social finance support and advice from the team at Community Finance Ireland that allowed us to purchase and carry out improvement works at Lislagan Farm, has been invaluable. Peter and the team really understand and encourage our plans for growth and development. We couldn’t have made our plans for the farm a reality without them.”
A recent survey commissioned by Dublin City University (DCU) with responses from almost 200 social enterprises across Ireland published its findings in late 2021. Our CEO Donal Traynor reflects on the findings in the next installment of our Leadership Insights Blog Series.
The festive season is a time for reflection, for love and cheer, for making memories and spending quality time with family and friends. It is also a time for community and for charity.
The cost of living crisis continues to affect people across the island of Ireland, but also social enterprises and businesses striving to deliver social impact in the Community and Voluntary Sector.
As you contemplate your Christmas list this year, why not consider some of the gifts and activities that support social enterprises in your area? Delivered by volunteers and community champions, these home-grown experiences and products are great gift ideas, and will also deliver social impact to communities that are local to you in Munster.
Here are just a few ideas for you to think about:
Terryglass Community Hall, Co. Tipperary
Learn how to cook delicious mince pies and pick up tips on how to perfect your favourite festive snacks with TV Celebrity Chef Catherine Leyden (Ireland AM). Catherine comes to Terryglass Community Hall for a one-off festive cookery evening on Wednesday 30th November.
Tickets are priced at €25.00 and can be purchased through the group’s facebook page or in the Derg Inn Shop.
Sailing Into Wellness, Co. Cork
Sailing into Wellness is a not for profit social enterprise born out of a passion to utilize the unique setting of the sea to help our communities. The organisation’s vision is for Sailing into Wellness to be a healthy natural solution for our communities to look after their physical and mental well-being and it is their mission to use the sea to inspire change in our communities.
Sailing Into Wellness is open to everyone and could be the perfect solution to help de-stress after the Christmas period, or offer an opportunity for something to look forward to in the slow month of January. To find out more or to enquire about a booking, visit their website.
Sneem Digital Hub, Co. Kerry
Sneem Digital Hub has something for everyone – employees, employers, remote workers and small business owners. The Hub is a modern and stylish facility with competitive packages and state of the art facilities available in a rural locale to suit your requirements.
During the winter months, they are running a special discount offer for people living in the local area. To find out more visit their website or contact aidan.murray@sneemdigitalhub.
Christmas Competition
Community Finance Ireland have teamed up with Martin Hurls to offer a £100 voucher to spend on their wares. One lucky winner will win this in our Facebook Competition running in the lead up to Christmas. To be in with a chance of winning simply visit our the Facebook post and follow the instructions to be entered into the draw.
Spending your time and money in these venues and on these products not only helps deliver social impact but is an endorsement that, the local volunteers and committees’ efforts are valued.
#SocialTime is always a good time.
Posted on
Share this article:
The festive season is a time for reflection, for love and cheer, for making memories and spending quality time with family and friends. It is also a time for community and for charity.
The cost of living crisis continues to affect people across the island of Ireland, but also social enterprises and businesses striving to deliver social impact in the Community and Voluntary Sector.
As you contemplate your Christmas list this year, why not consider some of the gifts and activities that support social enterprises in your area? Delivered by volunteers and community champions, these home-grown experiences and products are great gift ideas, and will also deliver social impact to communities that are local to you in Ulster.
Here are just a few ideas for you to think about:
The Strand Arts Centre, Co. Antrim
Strand Arts Centre is the only remaining cinema from Northern Ireland’s golden era. A jewel of Art Deco design, the venue has been at the heart of the East Belfast community for decades.
This year’s Christmas movie offerings include classics and family favourites: It’s a Wonderful Life, Home Alone, Elf, Muppets’ Christmas Carol and Die Hard (Is it a Christmas movie?).
Their live Christmas spectacle for 2022 is Once Upon A Time: A Magical Princess Adventure with shows on 2nd and 3rd December and the CBeebies Panto Dick Whittington and His Cat (which will screen live at the Strand on 3rd,4th, 10th and 11th December) are a great excuse for some quality time with the kids to get you in the festive mood.
For more information, to book your tickets, or to buy Strand gift vouchers for the cinephiles in your family, visit the Strand’s website.
Bolster Community, Co. Down
Bolster Community (formerly Space NI) is a charity and social enterprise that offers practical support for individuals and families, helping them to get through and get ahead.
As part of their activity the organisation manage the candle-making social enterprise Acorn. Every Acorn product is handmade in Northern Ireland by a gifted community of young adults with additional needs. They provide their makers with a ‘scents’ of achievement and ensure every purchase provides them with pride, purpose and opportunity. By buying social, all profits from your purchase goes back into supporting Bolster Community’s vital services.
You can buy one of their unique scented candles from their website, a perfect stocking filler.
Martin Hurls, Co. Antrim
Martin Hurls is an artisan maker of hand-made hurls used in Gaelic Games. As well as producing some of the best hurls in Ireland, they also have a range of equipment, apparel and mementos to keep you looking & playing your best. The perfect gift for sport lovers at Christmas time. Check out their range online.
Christmas Competition
Community Finance Ireland have teamed up with Martin Hurls to offer a £100 voucher to spend on their wares. One lucky winner will win this in our Facebook Competition running in the lead up to Christmas. To be in with a chance of winning simply visit our the Facebook post and follow the instructions to be entered into the draw.
Spending your time and money in these venues and on these products not only helps deliver social impact but is an endorsement that, the local volunteers and committees’ efforts are valued.
#SocialTime is always a good time.
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.