A makeover for the annual \u2018Willie Clancy Festival\u2019 in Clare, an upgrade for Ballinasloe Town Hall Theatre, and new equipment for the Dublin Cliffhangers Climbing Club in Finglas are just some of the projects that have benefited from Community Finance Ireland\u2019s \u20ac30 million investment in communities between 2016 and 2019.<\/p>\n\n\n\n
As Ireland\u2019s and the UK\u2019s fastest-growing social finance provider, the organisation works with groups that drive social impact, including sports clubs, social housing organisations, community projects, faith-based groups, and social enterprises.<\/p>\n\n\n\n
The extent of their investment in communities across Ireland was detailed in the first all-island impact report launched today (02.07.2020). Since 2016, Community Finance Ireland has loaned \u20ac8.6m to clients in Leinster, \u20ac3.5m to clients in Munster, \u20ac1.8m to clients in Connacht, and \u20ac16.3m to clients in Ulster.<\/p>\n\n\n\n
D\u00f3nal Traynor, Associate Director of Community Finance Ireland, said: <\/p>\n\n\n\n
\u201cWe can provide loans ranging from \u20ac30,000 up to \u20ac500,000, and our finance products are specifically tailored for the community sector. We have waived arrangement fees to make loans as accessible and cost-effective as possible, we have a quick turnaround time for lending decisions, and \u2013 given the organisations we lend to are typically run by volunteers \u2013 we do not ask for personal guarantees.<\/p>
There has been a default rate of just 0.75% on our loans since 2008, which is low by any standard and particularly when you consider that many of our loans are made available on an unsecured basis. This is in no small part due to the strong relationship which we have developed with communities over time.\u201d<\/p>Donal Traynor, Associate Director Community Finance Ireland<\/cite><\/blockquote>\n\n\n\n
Panel Discussion
<\/strong>Following the launch of their all island Impact Report, Community Finance Ireland hosted an online panel discussion on sustaining communities across the island beyond Covid-19. The panel was chaired by broadcaster and journalist Dil Wickremasinghe. Dil was joined by Tipperary hurler Noel McGrath, CEO of ARC Healthy Centre Julie Irvine, as well as Associate Directors of Community Finance Ireland D\u00f3nal Traynor and Phelim Sharvin.<\/p>\n\n\n\nMr Traynor said: <\/p>\n\n\n\n
\u201cAccess to social finance will be more important than ever before as communities recover from Covid-19. With the fallout from the pandemic, we anticipate a reduction in grant funding to the community sector generally, so \u2013 in the coming years \u2013 social finance will play an increasingly vital role in supporting grassroots community organisations and social enterprises.<\/p>
At the same time, Covid-19 has starkly shown the importance of community solidarity, \u2018social capital\u2019 and sustainability within communities.\u201d<\/p>Donal Traynor, Associate Director Community Finance Ireland<\/cite><\/blockquote>\n\n\n\n
Official Rebrand
<\/strong>Community Finance Ireland was established in 2007 as part of an expansion into the Republic of Ireland by the Ulster Community Investment Trust (UCIT) Group. UCIT was established in Belfast in 1995 in response to decreasing grant support from government and the difficulties experienced by community organisations in accessing commercial loan facilities.<\/p>\n\n\n\nUnder a rebranding initiative announced today (02.07.2020), the social finance group will be known as Community Finance Ireland in both Northern Ireland and the Republic of Ireland. The organisation unveiled a new logo, website, client videos and a new podcast series as part of the rebrand.<\/p>\n\n\n\n
Community Finance Ireland Chief Executive Harry McDaid said: <\/p>\n\n\n\n
\u201cWhile the organisation\u2019s trading name is changing in Northern Ireland, our collective purpose remains the same – to support people changing their communities for the better across the island. The response to Covid-19 has highlighted a public desire for greater collaboration and cooperation between Northern Ireland and the Republic of Ireland. This first all-island annual report and our brand reflects a renewed focus for the organisation operating on an all-island basis.\u201d<\/p>Harry McDaid, CEO Community Finance Ireland<\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
A makeover for the annual \u2018Willie Clancy Festival\u2019 in Clare, an upgrade for Ballinasloe Town Hall Theatre, and new equipment for the Dublin Cliffhangers Climbing Club in Finglas are just some of the projects that have benefited from Community Finance Ireland\u2019s \u20ac30 million investment in communities between 2016 and 2019. As Ireland\u2019s and the UK\u2019s […]<\/p>\n","protected":false},"author":9,"featured_media":1288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_vp_format_video_url":"","_vp_image_focal_point":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[58,40,41,18,37,54,16,33,27,20,39,34,19,28,24,26,25,22,30,23,17,38,32,29,31],"class_list":["post-1122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-ballinasloe-town-hall","tag-change-makers","tag-collaboration","tag-collaborations","tag-community","tag-community-finance-ireland","tag-community-news","tag-community-support","tag-connacht","tag-cvse","tag-faith","tag-finance","tag-funding-social-impact","tag-innovation","tag-ireland","tag-leinster","tag-munster","tag-northern-ireland","tag-not-for-profit","tag-republic-of-ireland","tag-social-finance-news","tag-sports","tag-stronger-communities","tag-third-sector","tag-voluntary"],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"\n
Community Finance Ireland Invested \u20ac30 million in Communities Over Four Year Period – Community Finance Ireland<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/communityfinanceireland.com\/community-finance-ireland-invested-e30-million-in-communities-over-four-year-period\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Community Finance Ireland Invested \u20ac30 million in Communities Over Four Year Period – Community Finance Ireland\" \/>\n<meta property=\"og:description\" content=\"A makeover for the annual \u2018Willie Clancy Festival\u2019 in Clare, an upgrade for Ballinasloe Town Hall Theatre, and new equipment for the Dublin Cliffhangers Climbing Club in Finglas are just some of the projects that have benefited from Community Finance Ireland\u2019s \u20ac30 million investment in communities between 2016 and 2019. 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