{"id":3389,"date":"2023-09-05T12:49:07","date_gmt":"2023-09-05T12:49:07","guid":{"rendered":"https:\/\/communityfinanceireland.com\/?p=3389"},"modified":"2023-09-05T14:40:31","modified_gmt":"2023-09-05T14:40:31","slug":"grassroots-groups-can-more-than-triple-social-impact-in-local-communities","status":"publish","type":"post","link":"https:\/\/communityfinanceireland.com\/grassroots-groups-can-more-than-triple-social-impact-in-local-communities\/","title":{"rendered":"Grassroots Groups Can More Than Triple Social Impact in Local Communities"},"content":{"rendered":"\n
Community and volunteer-led organisations who choose social finance solutions could see a social return of investment of over 3.42 times the initial investment. That\u2019s according to Community Finance Ireland<\/a> (CFI), the most progressive social finance provider across the island.<\/p>\n\n\n\n Based on a social value analysis undertaken by Rose Regeneration and the Rural Community Network, CFI has established that for every \u20ac1\/\u00a31 spent in delivering projects on the island, local communities have seen a return of 3.42 times that investment, through wider social benefits such as improved community health and increased employment opportunities and skill levels.<\/p>\n\n\n\n D\u00f3nal Traynor, CEO of CFI, says the cumulative impact of such projects is boundless: <\/p>\n\n\n\n \u201cWe strive to create a lasting social impact in every community on the island of Ireland. As the first all island Social Value Report our team and clients can really see the multiplier effect played out in communities across the island every day.<\/em><\/mark> If a community development group were to invest in remote working spaces, for example, the ripple effect sees stronger social connections in that community, more money spent in local businesses, and a greater sense of belonging for individuals who might have previously worked in isolation at home or spent hours on a commute. You cannot underestimate the social impact of these changes, and the social value analysis carried out by Rose Regeneration and the Rural Community Network, via the Social Value Engine platform, demonstrates the return of investment which communities can expect.\u201d<\/em><\/mark><\/p>\n<\/blockquote>\n\n\n\n\n