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Filmbase, Dublin received a bridging loan from Community Finance (Ireland) to facilitate the running of Ireland's first master's programme in digital film production

The Lender for the Third Sector in the Republic of Ireland

Community Finance (Ireland), formerly UCIT, is a Charity which provides loans exclusively to other third sector organisations such as community groups, charities, sports clubs and social enterprises in the Republic of Ireland. Since 2001, as part of the wider UCIT Group, we’ve committed in excess of €70 million to over 360 organisations across the island of Ireland.

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€70 million
Loans approved 2001-2014

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South Eastern Mountain Rescue Association received a loan from Community Finance (Ireland) to match fund the construction of a Vehicle Storage Unit

About us

Community Finance (Ireland), formerly UCIT (Ireland), is a Charity which provides loans exclusively to other third sector organisations such as community groups, charities, sports clubs and social enterprises in the Republic of Ireland. Since 2001, as pat of the UCIT Group, we’ve committed in excess of €70 million to over 360 organisations.

Community Finance (Ireland) was established in response to decreasing grant support from government and the difficulties experienced by community organisations in accessing commercial loan facilities. Start-up funding was received from LEDU (Invest NI) and the International Fund for Ireland (IFI) along with a £6.6m loan book from IFI, Department for Social Development and Department of Agriculture & Rural Development (DARD).

In 2007 Community Finance (Ireland) received accreditation from the Social Finance Foundation, Dublin, to enable the organisation to access a €70M fund for investment throughout the Republic.

As a registered charity, all profits generated by Community Finance (Ireland) are retained and recycled for reinvestment into the third sector.

Projects supported:

Projects Supported
Projects Supported
 

 

360 community
Projects funded

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Community Finance (Ireland) provided Oxfield Sports Centre, County Sligo, with a loan to carry out urgent improvements to ensure the facility’s continued operation

Loans

Who do we lend to?

We lend exclusively to Community organisations, charities and social enterprises, both large and small, throughout the island of Ireland. Our borrowers include Faith-based Initiatives, Sports Clubs, Training Initiatives, Childcare Schemes, Housing Associations, Community Transport Schemes, Rural Development Projects and many more…

Finance is available for: buildings and equipment, working capital, cash shortfalls, bridging finance against delayed grants or other confirmed income, and restructuring of debt.

Interest Rates - Community Finance (Ireland) Interest rates are competitive and depend on the individual circumstances of each borrower.

Repayment Term - Community Finance (Ireland) provides both long-term loans and short-term bridging finance. Loan terms are tailored to suit each borrower.

No penalties - Community Finance (Ireland) does not penalise against early repayment of loans

If you would like a chat about whether a loan is the right option for your organisation, our lending team can provide advice and know how gained from many years of involvement within the sector. The lending team can be contacted on Tel: 041 6858637.

As a registered charity, all profits generated by Community Finance (Ireland) are retained and recycled for reinvestment into the third sector.

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€3 million
Invested in Arts & Heritage projects

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Filmbase, Dublin received a bridging loan from Community Finance (Ireland) to facilitate the running of Ireland's first master's programme in digital film production

Applying for a loan

Our lending team welcome the opportunity to discuss the suitability of loan finance for your project and to answer any questions you might have. The lending team can be contacted on Tel: 041 6858637.

The Community Finance (Ireland) lending process is simple and straightforward:

If your project appears suitable for loan finance, we will ask you to fill in a short application form.

Once we receive your completed application, a member of our lending team will contact you to arrange a meeting in order to further develop your proposal.

Upon completion, your business proposal will be submitted to Community Finance (Ireland)'s Lending and Investment Committee for approval.

Click on the link below to download the loan application form.

Complete the form and then print it out, sign, date and return it to Community Finance (Ireland).

Alternatively, call or email us and we will be happy to send you a loan application form and guidelines.

Loan Application

€20 million
Invested in Enterprise projects

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Community Finance (Ireland) provided Thomastown Town of Food with a loan to facilitate the drawdown of a Rural Development Programme grant

Customer stories

Community Finance (Ireland) loan finance has supported job creation, community engagement and economic development in many towns and villages in the Republic of Ireland and Northern Ireland.

Explore our Impact Map to find out more about the projects we have funded.

 

Drogheda Town FC

Drogheda Town FC was founded in 1969 as Mosney Celtic with two founder members remaining as Honorary Presidents.  In 1984 the club moved to Marian Park and was renamed as Drogheda Celtic.  In 2001 the club was formed from the amalgamation of Drogheda Celtic and West End forming Drogheda Town FC.  

In 2006 a juvenile section was started and they now have 2 senior teams and 10 juvenile teams. Age groups 8 to 13 year olds play in the Drogheda and District League and 15 to 18 year olds play in the NDSL.

The clubhouse provides excellent facilites and social activities and is used by all local community groups. 

"Drogheda Town FC are appreciative of the loan that Community Finance (Ireland) funded which has enabled the Marian Park clubhouse to be built to a high energy efficient specfication.  We are proud to say that the clubhouse is for everyone and caters for kindergarden to senior players and has provided local employment. These excellent facilities are a help to the greater community at large." (Mick Toner, Chairman, Drogheda Town FC). 

Cavan County Enterprise Fund

Cavan County Enterprise Fund (CCEF) was established in 1988 with financial support from The International Fund for Ireland (IFI). They offer eligible enterprises, flexible loan finance to new and expanding small business, usually in the manufacturing, tradable services and tourism sectors. 

The objectives for which the company was formed include :

To give effect to or to further the aims and objectives of The International Fund for Ireland by creating a revolving business enterprise fund.  

To become involved in, assist, contribute towards or manage any small industry or community based economic project or any workspace project or any programme created or organised under the auspices of The International Fund for Ireland. 

A loan from Community Finance Ireland has enabled Cavan County Enterprise Fund to develop a high quality / high tech office space. 

 

 

South East Food Trade Desk Cooperative Society Ltd t/a Irish Food Co-op

Community Finance (Ireland) provided South East Food Trade Desk Cooperative Society with a bridging loan so that they could restrospectively claim a grant from the Rural Development Programme.  The cooperative also availed of a short term working capital loan from Community Finance (Ireland) to assist in the early stages of business development.

Their products can be sourced from the following shops:

Swans on the Green, Treacys, Glasrai & Goodies, Delgany Store, Get Fresh and Fresh Ave, Bread & Butter, Glendalough, Lynams, Mr Green Foods, Thymeout, Keelings, Malones Fruit Farm Shop, Eurospar Kilkenny, Olivers Deli, Brooklodge, Hugh Boggans Wexford, McLeans Foodstore Tyrone, Kierans Deli Drogheda, Cullentra Farm Shop, Urban Coop Limerick, Nude Food Dungarvan, Mount Juliet Hotel, Miller & Cook, The Little Cheese Shop Dingle, Wilde & Green, Moores Butchers Rathdrum, Field & Vine, Kates Kitchen Sligo, Roy Foxes Deli Donnybrook and J.J. O'Driscoll Superstore Cork. 

 

 

 

Meath Accessible Transport Project Ltd.

A loan from Community Finance (Ireland) assisted Meath Accessible Transport to purchase a building so that they could expand their existing community transport business.

"The loan application was not difficult and we had every assistance and support from Commuity Finance (Ireland) throughout the process. We were successful in getting a loan and have now proceeded to purchase and occupy premises that are more comfortable, suitable to our work and which give us an opportunity to expand in the future. I would recommend Community Finance (Ireland) to other charities or social enterprises, and indeed have already done so." Miriam McKenna, Manager, Meath Accessible Transport Project Ltd.

€3 million
Invested in Social Housing projects

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Cavan County Enterprise Fund availed of an investment from Community Finance (Ireland) to facilitate the drawdown of grant aid and meet a funding shortfall, for the development of a high quality property solution in Cootehill

News

 

ISME

ISME Irish Small and Medium Enterprises Association

ISME

Community Finance (Ireland) are delighted to be members of ISME Irish Small and Medium Enterprises Association.

For further information and benefits of being a member.    Click on link http://isme.ie/

 

 

 

SEDETT - Social Enterprise Development, Education and Training Tools

Limerick Institute of Technology has recently commenced a new project called SEDETT – Social Enterprise Development, Education and Training Tools.

This strategic partnership aims to support the development of innovative practices in the education and training of individuals engaged in social enterprise. The project partnership (8 organisations) is led by Glyndwr University, Wales and is both cross sectoral and pan European in its complexion as it includes a higher education institution (LIT), four independent training / youth advisory agencies (Poland, Romania, Lithuania and Italy) and two community interest companies / social enterprise training agencies (Wales and Spain).

This project aims to develop a digitally enhanced blended learning set of social enterprise development, education and training tools (SEDETT) that can be used by, social entrepreneurs to learn how to assess their capacity development needs, educators and trainers in higher and further education and VET to deliver formal and informal courses of education and training. 

For further information, please contact Dr. Shane O'Sullivan email : shane.osullivan@lit.ie

Crosserlough GFC - D-KUBE Fundraising Event

Are you looking for a unique fundraising event that is going to generate much needed income for your club, school or charity?  Then this event is for you.

Based on the TV show, this event is guaranteed not only to be financially successful for your club but also provide an entertaining night for young and old that will create a buzz in your community. D-Kube consists of 22 games, of such devious simplicity, that will test the skill and concentration of the bravest contestant.

For further information, please contact Crosserlough GFC, Dr. Plunkett Park, Kilnaleck, Co. Cavan (086) 8033353 / (087) 9738530 crosserloughGFC@gmail.com Facebook - Crosserlough GFC. 

Illuminate Herstory

Illuminate Herstory is a new light projection festival to celebrate women and girls.

Over the weekend of Nollaig na mBan (Womens's Little Christmas) on the 5-8th January, 2017, when the Christmas lights are turned off, they will light up the country with the faces of hundreds of women and girls.

The objective is to start a new annual event where Ireland inspires the world to celebrate women, just like the 'global greening' on St. Patrick's Day.  The event is produced by Lesley Tully, Head of Design Thinking at Bank of Ireland and Founder of Illuminate Dublin.

Cork and Galway Councils have both confirmed landmark light installations in their cities.  Derry are planning 2-3 outdoor installations in Derry city and Strabane.  Organisations in Dublin, Sligo, Mayo, Belfast, Meath, Westmeath, Carlow and Limerick are planning illumination themed events. 

For further information, please contact Melanie Lynch email : melanie.herstory@gmail.com.

 

Global Award for Community Finance (Ireland)

Community Finance (Ireland), are celebrating this week after we won the category,

'Best for Affordable Community Finance' at the 2015 Finance Awards, organised by London based Wealth & Finance Magazine.

The 2015 Finance Awards were developed to recognise and reward excellence, best practice and innovation in finance, and were open to individuals and firms operating and working in a wide range of industries, including personal finance, corporate finance, accountancy and financial management, reaching out to the four corners of the globe.

Jonathan Hicks from Wealth & Finance International said "With the global economy continuing along the road to recovery, the continually exceptional performance from the global finance industry has been a key factor in this upward trajectory.  I am immensely proud and honoured to be able to spotlight these deserving and dedicated finance businesses and the professionals who drive them".

 

Media Coverage

Northern Sound Radio Interview                                  CLICK ON LINK           http://bit.ly/1Ih4Rzj

 

Northern Sound Radio Interview                                  CLICK ON LINK           http://bit.ly/1Ih4Rzj

 

Highland Radio Interview                                             CLICK ON LINK           http://bit.ly/1k26Lz6M

 

Meath Accessible Transport (Flexibus) Interview         CLICK ON LINK           http://bit.ly/2gG3lUZ

 

€5 million
Invested in Sports Clubs

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Community Finance (Ireland) Staff

Donal Traynor Donal Traynor Associate Director
Marie Carpenter Marie Carpenter Office Administrator
Rose Hally Rose Hally Client Relationship Executive

Community Finance (Ireland) Directors

Dermot McGale Chair
Retired Regional Director of First Trust Bank
Henry Brennan
Business Consultant and Certified Accountant
Paddy Harte
Lecturing and Economic and Social Development Advisor
Kevin Helferty
Director of Buncrana Credit Union Ltd
Jim Malone
Director/Founder Member of Ardee Community Development Company
Dr Arthur Mitchell MBE
Founder Trustee/ Director of Mourne Heritage Trust
Alan Moneypenny
Former Vice-Chair of Sport N.I
Michael McGarrigle
Secretary of Council for the West
Seamus O’Prey
Chief Executive of ORTUS Group
Andrew Ward
Joint CEO Inishowen Development Partnership

UCIT Directors

Dermot McGale Chair
Retired Regional Director of First Trust Bank
Seamus McAleavey Vice-Chair
Chief Executive of NICVA
Dr Arthur Mitchell MBE
Company Secretary Founder Trustee / Director of Mourne Heritage Trust
Thelma Armstrong MBE
Sub Board member of Choice Housing Association
Erskine Holmes OBE
Elected member of NI Council Co-operative Group
Jim Malone
Director/Founder Member of Ardee Community Development Company
Alan Moneypenny
Former Vice-Chair of Sport NI
Audrey Murray MBE
Business Development Manager of LEDCOM
Damian McAteer
Director of Waterside Development Trust
Michael McGarrigle
Secretary of Council for the West
Douglas McIldoon
Secretary of NI Co-operative Forum
Seamus O’Prey
Chief Executive of ORTUS Group
William Patterson
Chief Executive of Greater Shankill Community Council
Aidan Sloane
Chief Executive of Springvale Employment & Learning Solutions


Membership of Ulster Community Investment Trust (UCIT) offers you the opportunity to be part of an exciting and progressive financial institution that is committed to breaking new ground in developing financial solutions for the social economy sector.

As an Industrial and Provident Society, UCIT offers membership by way of share acquisition with a minimum subscription of £250 Sterling (or the Euro equivalent).

A copy of our membership form can be found by clicking below

Membership Form