social finance: funding for the future

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Social Finance: Funding for the Future #NIsocfin

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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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Page 1: Social Finance: Funding for the Future

Social Finance:Funding for the Future

#NIsocfin

Page 2: Social Finance: Funding for the Future

Martin McCarthy Building Change Trust

#NIsocfin

Page 3: Social Finance: Funding for the Future

Simon Hamilton MLA Minister of Finance

and Personnel#NIsocfin

Page 4: Social Finance: Funding for the Future

Carolyn SimsHead of Banking. The Charity Bank

#NIsocfin

Page 5: Social Finance: Funding for the Future

Harry McDaidCEO, UCIT

#NIsocfin

Page 6: Social Finance: Funding for the Future

Simon RowellStrategy and Market

Development Director, Big Society Capital

#NIsocfin

Page 7: Social Finance: Funding for the Future

Investment Readiness and Social Finance looking to the future: The Grant makers

perspectiveAngela Hodkinson, Atlantic Philanthropies

Brendan Murtagh, Queens University

#NIsocfin

Page 8: Social Finance: Funding for the Future

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.

Page 9: Social Finance: Funding for the Future

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

Page 10: Social Finance: Funding for the Future

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.

Page 11: Social Finance: Funding for the Future

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.

Page 12: Social Finance: Funding for the Future

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

Page 13: Social Finance: Funding for the Future

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

Page 14: Social Finance: Funding for the Future

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

Page 15: Social Finance: Funding for the Future

Brendan MurtaghThe Institute of Environmental

and Spatial Planning, QUB#NIsocfin

Page 16: Social Finance: Funding for the Future

Shane QuinnDevelopment Manager, Belfast Buildings Trust

#NIsocfin

Page 17: Social Finance: Funding for the Future

Blythswood Care in Ireland

Page 18: Social Finance: Funding for the Future
Page 19: Social Finance: Funding for the Future

Blythswood Hub, 93 Templepatrick Road, Ballyclare.

Page 20: Social Finance: Funding for the Future

“Hub” Warehouse Entrance

Page 21: Social Finance: Funding for the Future

Blythswood Ballyclare Shop

Page 22: Social Finance: Funding for the Future

Blythswood Ballyclare Shop

Page 23: Social Finance: Funding for the Future

Warehouse, Sorting Area & Items for Shipping to Romania & Serbia

Page 24: Social Finance: Funding for the Future

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.

Page 25: Social Finance: Funding for the Future

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.

Page 26: Social Finance: Funding for the Future

Break

#NIsocfin

Page 27: Social Finance: Funding for the Future

#NIsocfin

Roundtable Discussions

Page 28: Social Finance: Funding for the Future

Next Steps

#NIsocfin

Page 29: Social Finance: Funding for the Future

Conclusions

#NIsocfin