Social Finance:
Funding for the Future
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Martin McCarthy
Building Change Trust
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Simon Hamilton MLA
Minister of Finance
and Personnel
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Carolyn Sims
Head of Banking.
The Charity Bank
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Harry McDaid
CEO, UCIT
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Simon Rowell
Strategy and Market
Development Director,
Big Society Capital
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Investment Readiness and Social Finance
looking to the future: The Grant makers
perspective
Angela Hodkinson, Atlantic Philanthropies
Brendan Murtagh, Queens University
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Social Economy Age Programme
Atlantic’s rationale
PROGRAMME AIMS
•
1.
•
•
•
•
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
2.
3.
4.
5.
6.
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.
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.
KESTREL ILM
MDM 2010 Scores
MDM 2010 Rank
•
•
•
•
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 parttime employment
33 have become formal
volunteers.
Unltd Ignite Awards
Individual Mentoring/ Networking and peer support/ Training and skills
development/ Comparative practice
UnLtd Support systems
Links to related AP projects
Policy and advocacy
Network influence
Level III Catalyst Awards
Bespoke supports
Level II Ignite
Development Awards



Stratagem
OPC
ASP: Economic Inclusion
CFNI: Modernisation and
Sub-Regional structures
Capitalisation Fund
Charity Bank
Investment Readiness
University of Ulster/
Charity Bank
£15,000
Level 1 Ignite awards
Up to £5000
Marketing and building
awareness


Time and development phasing
Volunteer Now
Time Banks
Advice Now
Turkington: CFNI
Age Sector but more
reliant on traditional
partners in social
economy and community
development
Charity Bank
Social Return On Investment £1 AP Grant
Payback Period in Years
UnLtd
Social Return On Investment £1 AP Grant
Payback Period in Years
Social Return On Investment £1 AP Grant
GEMS ILM
Volunteer Now
TIME BANKS
Payback Period in Years
Charity Bank
CAPITAL
INVESTMENT
KESTREL
ESOCIAL
ENTREPREN
INVESTMENT
READINESS
Social economy Age programme: legacy effects
Social Return On Investment £1 AP Grant
Payback Period in Years
Social Return On Investment £1 AP Grant
Payback Period in Years
£2.86:£1
1.8 Years
£2.79:£1
1.8 Years
£2.75:£1
1.8 Years
£3.58:£1
1.4 Years
£2.81:£1
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 Murtagh
The Institute of
Environmental
and Spatial Planning, QUB
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Shane Quinn
Development Manager,
Belfast Buildings Trust
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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
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Roundtable Discussions
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Next Steps
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Conclusions
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