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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. - PowerPoint PPT Presentation
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Social Finance:Funding for the Future
#NIsocfin
Martin McCarthy Building Change Trust
#NIsocfin
Simon Hamilton MLA Minister of Finance
and Personnel#NIsocfin
Carolyn SimsHead of Banking. The Charity Bank
#NIsocfin
Harry McDaidCEO, UCIT
#NIsocfin
Simon RowellStrategy and Market
Development Director, Big Society Capital
#NIsocfin
Investment Readiness and Social Finance looking to the future: The Grant makers
perspectiveAngela Hodkinson, Atlantic Philanthropies
Brendan Murtagh, Queens University
#NIsocfin
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.
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
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.
MDM 2010 Scores MDM 2010 Rank
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.
Time and development phasing
Indi
vidu
al M
ento
ring/
Net
wor
king
and
pee
r sup
port/
Tra
inin
g an
d sk
ills
deve
lopm
ent/
Com
para
tive
prac
tice
Marketing and building awareness
Level 1 Ignite awards
Up to £5000
Level II Ignite Development Awards
£15,000
Level III Catalyst Awards
Bespoke supports
Policy and advocacy
Network influence
Volunteer NowTime BanksAdvice Now
Turkington: CFNI
Investment ReadinessUniversity of Ulster/
Charity Bank
StratagemOPC
ASP: Economic InclusionCFNI: Modernisation and Sub-Regional structures
Capitalisation Fund Charity Bank
UnL
td S
uppo
rt sy
stem
s
Age Sector but morereliant on traditional
partners in social economy and community
development
Links to related AP projects
Unltd Ignite Awards
Social economy Age programme: legacy effects
Social Return On Investment £1 AP Grant
TIM
E B
AN
KS
Volu
ntee
r Now
CA
PITA
L IN
VEST
MEN
TCh
arity
Ban
k
KES
TREL
G
EMS
ILM
INVE
STM
ENT
REA
DIN
ESS
Char
ity B
ank
ESO
CIA
L EN
TREP
REN
UnLt
d
Payback Period in Years
£3.58:£1
1.4 Years
Social Return On Investment £1 AP Grant
Social Return On Investment £1 AP Grant
Social Return On Investment £1 AP Grant
Social Return On Investment £1 AP Grant
Payback Period in Years
Payback Period in Years
Payback Period in Years
Payback Period in Years
£2.86:£1
£2.81:£1
£2.79:£1
£2.75:£1
1.8 Years
1.8 Years
1.8 Years
1.8 Years
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
Brendan MurtaghThe Institute of Environmental
and Spatial Planning, QUB#NIsocfin
Shane QuinnDevelopment Manager, Belfast Buildings Trust
#NIsocfin
Blythswood Care in Ireland
Blythswood Hub, 93 Templepatrick Road, Ballyclare.
“Hub” Warehouse Entrance
Blythswood Ballyclare Shop
Blythswood Ballyclare Shop
Warehouse, Sorting Area & Items for Shipping to Romania & Serbia
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.
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.
Break
#NIsocfin
#NIsocfin
Roundtable Discussions
Next Steps
#NIsocfin
Conclusions
#NIsocfin