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Social Finance: Funding for the Future

Social Finance: Funding for the Future. # NIsocfin. Martin McCarthy Building Change Trust. # NIsocfin. Simon Hamilton MLA Minister of Finance and Personnel. # NIsocfin. Carolyn Sims Head of Banking. The Charity Bank. # NIsocfin. Harry McDaid CEO, UCIT. # NIsocfin.

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Social Finance: Funding for the Future

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  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 SimsHead of Banking. The Charity Bank #NIsocfin

  5. Harry McDaid CEO, UCIT #NIsocfin

  6. Simon RowellStrategy 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 • To skill the sector in investment readiness, trading and commercialisation; • To capitalise the sector to scale up its capacity in commercial service delivery; • To develop social enterprises in the leading age agencies; • To develop a stronger cadre of social entrepreneurs in the age sector; • To strengthen access to the mainstream labour market for older people who want to stay in work; and • 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 MurtaghThe Institute of Environmental and Spatial Planning, QUB #NIsocfin

  16. Shane Quinn Development Manager, Belfast Buildings Trust #NIsocfin

  17. Blythswood Care in Ireland

  18. Blythswood Hub, 93 Templepatrick Road, Ballyclare.

  19. “Hub” Warehouse Entrance

  20. Blythswood Ballyclare Shop

  21. Blythswood Ballyclare Shop

  22. Warehouse, Sorting Area & Items for Shipping to Romania & Serbia

  23. 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.

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

  25. Break #NIsocfin

  26. Roundtable Discussions #NIsocfin

  27. Next Steps #NIsocfin

  28. Conclusions #NIsocfin

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