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Social Finance: Funding for the Future #NIsocfin.

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Presentation on theme: "Social Finance: Funding for the Future #NIsocfin."— Presentation transcript:

1 Social Finance: Funding for the Future #NIsocfin

2 Martin McCarthy Building Change Trust #NIsocfin

3 Simon Hamilton MLA Minister of Finance and Personnel #NIsocfin

4 Carolyn Sims Head of Banking. The Charity Bank #NIsocfin

5 Harry McDaid CEO, UCIT #NIsocfin

6 Simon Rowell Strategy and Market Development Director, Big Society Capital #NIsocfin

7 Investment Readiness and Social Finance looking to the future: The Grant makers perspective Angela Hodkinson, Atlantic Philanthropies Brendan Murtagh, Queens University #NIsocfin

8 Social Economy Age Programme Atlantic’s rationale Create a legacy in investment skills and a fitter more independent age sector Move away from grant-dependency by strengthening financial management capability Focus on cost control and value-added Increase earned income through social enterprise delivery Strengthen the age sectors’ ability to compete for contracts PROGRAMME AIMS 1.To skill the sector in investment readiness, trading and commercialisation; 2.To capitalise the sector to scale up its capacity in commercial service delivery; 3.To develop social enterprises in the leading age agencies; 4.To develop a stronger cadre of social entrepreneurs in the age sector; 5.To strengthen access to the mainstream labour market for older people who want to stay in work; and 6.To develop alternative methods of offering services to the most excluded older people.

9 What was funded? Investment Readiness – Charity Bank, University of Ulster and partners Strengthening lending in the age sector – Charity Bank Strengthening social entrepreneurs in the age sector – UnLtd Ignite Programme Developing coproduction of services using age based Time Banks – Volunteer Now Age based Intermediary Labour Market interventions – GEMS KESTRAL programme Social enterprise model – Bryson Charitable Group, Home Improvement Agency

10 Investment readiness programme Regional, sub-regional and local level Scaling up the sector – 24 places per annum in university based programme; – 103 participants over the life of the programme; – 80 people per annum involved in social enterprise training and development; – 25 organisations supported in trading and social economics per year; and – 30 Workshops to support the financial literacy of the age sector. Clearer set of competencies for the age sector Module 1: Strategic and Business Planning Module 2: Sources of Finance Module 3: Financial and Social Impact Measurement Module 4: Risk Management Module 5: Financial Stakeholder Marketing Module 6: The Procurement Process Module 7: Embedding the Plan Module 8: Advocacy.

11 KESTREL ILM Impacts 246 people had registered with Kestrel since the project began in November 2009 A total of 107 have completed formal training 94 or 38% of participants have been placed into either full-time or part- time employment 33 have become formal volunteers.

12 Unltd Ignite Awards

13 Social economy Age programme: legacy effects

14 Conclusions and implications of the programme The role of the social economy and welfare An integrated approach Replication and scale The relationship between investment readiness and borrowing The enabling environment – Lending – Legislation – Skills

15 Brendan Murtagh The Institute of Environmental and Spatial Planning, QUB #NIsocfin

16 Shane Quinn Development Manager, Belfast Buildings Trust #NIsocfin

17 Blythswood Care in Ireland


19 Blythswood Hub, 93 Templepatrick Road, Ballyclare.

20 “Hub” Warehouse Entrance

21 Blythswood Ballyclare Shop


23 Warehouse, Sorting Area & Items for Shipping to Romania & Serbia

24 Every year we give practical aid to other local charities and individuals who are referred to us. Through Women’s aid, Salvation Army, CAP and many others with food, furniture, clothing, toys etc.

25 Last year we sent almost 14,000 shoeboxes to Romania and this year celebrate our 20 th year of sending boxes to those in desperate need.

26 Break #NIsocfin

27 Roundtable Discussions

28 Next Steps #NIsocfin

29 Conclusions #NIsocfin

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