Community Finance Ireland: Social Capital Loan Scheme

Archived Active citizenship Addiction and substance misuse Adult Education/Learning Advice services Age Age discrimination Aged 26 - 59 years Aged 60+ Animal Welfare Archives and artefacts Arts, culture and heritage Black and minority ethnic Buildings and built environment Built heritage Children (0-12) Communities Community and neighbourhood development Community development Community safety and crime prevention Craft and design Cross community Cultural heritage Cultural, events and festivals Democracy and freedom Dependants and carers Education and learning environment Faith and religion Family and parenting Gender equality and sexual orientation good relations Governance and charity law Health promotion Health, wellbeing and sport Healthcare services Housing and homelessness Human rights and equality Human rights and justice Information Technology Medical conditions Medical research Miscellaneous Monitoring and evaluation Multiculturalism Natural environment and climate Offenders and ex-offenders Organisational dev Antrim & Newtownabbey Ards & North Down Armagh City, Banbridge & Craigavon Belfast City Causeway Coast and Glens Derry City and Strabane Fermanagh and Omagh Lisburn and Castlereagh Mid and East Antrim Mid Ulster Newry, Mourne and Down Northern Ireland Large (over £60,000)

Track grant Notes

Back to grants

Overview

The Voluntary, Community and Social Enterprise (VCSE) sector in Northern Ireland plays a key role in helping the NI Executive and the Department for Communities achieve the objectives set out in the draft Programme for Government (PfG) Outcomes Framework. DfC has decided to use Financial Transactions Capital (FTC) to establish a Social Capital Loan Scheme to support VCSE investment, via a Special Purpose Vehicle (SPV) managed by Community Finance Ireland (CFI), to minimise financial risk.

Objectives

To enable the VCSE sector to access social loan capital to invest in assets aligned to the objectives set out in the Northern Ireland Executive's Programme for Government (PfG) Outcomes Framework.
To improve VCSE sector sustainability and reduce reliance on public grant.
To deliver social value by investing in assets.
To enable the VCSE sector to borrow capital for up to 15 years.

Loans

Through the scheme, DfC will make £13,000k FTC available to the VCSE sector in three tranches, via Community Finance Ireland (CFI), over the period 2023/24 – 2025/26.

CFI will apply its existing business model to select projects for investment and manage repayments to DfC.

All FTC will be repaid to DfC by CFI by March 2041, 15 years from the release of the 3rd tranche.

Track grant Notes