Jonathan McAlpin Director of Operations

Ulster Community Investment Trust

Leading Change

Investment | jobs | Growth

“Making Mutual Money Focused”

Two key words:

•Mutual –what do we mean?

•Focused – on what?

Mutual

• Relationship• Reciprocal• Together• Support • Understanding

Co-operation

Who or What is UCIT?• An IPS (member owned co-op and mutual model), a Charity and a Social

Enterprise

• Ulster Community Investment Trust (UCIT) established in 1995 as the first social investment fund in Ireland

• An innovative social investment fund that would help stimulate economic growth and job opportunities in areas of deprivation and high unemployment

• Secured funding from LEDU (Invest NI), IFI and Atlantic Philanthropies and commenced operations in 2001

• Subsequently secured additional investment from DARD and DSD

• Our aim is to work with those in the margins of society, where traditional banks are less comfortable to operate.

Social EnterprisesUCIT

Input

Investment

(c£9m)

Value to the SE Sector

>£30m to date

and rising

loans

repayments

UCIT – Key Statistics

Since 2001:

• Initial Capital Investment (Public Sector) of £12 million

• In excess of £30 million invested into community “owned” infrastructure

• Over 240 social enterprises assisted

• Estimated direct employment of approx. 2,000+

• Estimated indirect employment of approx. 6,000+

Sectoral Profile of UCIT Investments

“Making Mutual Money Focused”

Focused• We are focused on what makes us different:

• “More Than Profit”

• Non-distribution model

• We are focused on Mission:

“To develop and provide competitive, flexible and tailored lending, investment and business support throughout the island of Ireland and beyond”.

Opportunities

The power of mutuality: •Keep Focused on the mission – what brings us together with a common sense of purpose

•Build more relationships: Co-op Bank, Credit Unions, Building Societies, Charitable Foundations and other like-minded investors

•Demonstrate our Social impacts, we are about More than Profit!

Thank You

Ulster Community Investment Trust13-19 Linenhall Street

BelfastBT2 8AA

Tel – 028 90315003Web – www.ucitltd.com

Twitter @UCIT_LtdFacebook