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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.

 

Crosserlough GFC

Crosserlough GFC was offically formed in 1903.  Crosserlough GFC is an all-inclusive, community-based club in County Cavan.  The club provides a range of mens' teams from under 6 through to senior, ladies football and camoige.  The club has a non-playing membership of 220 and also is home to Innyvale Athletics Club which has over 180 active members.

The club encourages participation from all sectors of the community at home and abroad, whilst promoting sportsmanship, discipline and personal development among its members.

A loan from Community Finance (Ireland) has enabled them to develop the existing training pitch into an all weather facility complete with security fencing and develop a walking / running track around its perimeter.

 

Western Forestry Co-operative Society Limited

The Western Forestry Co-operative Society Limited has 30 years' experience in advising landowners on forestry.  The Co-op was established in 1985 by the Dairy Co-operatives in Western Counties in response to a need for support services for landowners considering forestry. With the assistance of a loan from Community Finance (Ireland) they are able to continously grow their company.

The main objectives of the Western Forestry Co-operative are to :

  • Improve farm income.
  • Create employment in remote rural areas.
  • To work with local community leadership to maximise the benefits of a planned forestry programme on rural development, community amenity, the landscape and tourism.

 

Kilmurry Historical & Archaelogical Association Ltd

Kilmurry Historical & Archaeological Association Ltd is an active and lively group which runs one of the first rural museums to be opened in the country 'The Terence MacSwiney Memorial Museum', named in honour of the Lord Mayor of Cork City who died on hunger strike in 1920. The asociation was formed in the 1960's by local people to preserve, display and sign the rich historical and archaeological heritage of the local area.

A Community Finance (Ireland) loan has enabled them to carry out conservation and remedial work on the museum collection, design, construction, and installation of display equipment and re-locating the collection in the new museum.

"Kilmurry Historical & Archaeological Association Ltd has recently successfully negotiated funding to complete a new museum fit-out with Community Finance (Ireland). We were impressed by their attractive interest rate and by their helpful and professional approach in the completion of the contract. We have no hesitation in recommending Community Finance (Ireland) for the provision of financial services to similar voluntary and community organisations and groups". Noel Howard, Chairperson, Kilmurry Historical & Archaelogical Ltd.

 

Bailieborough Swimming and Leisure Centre Ltd

The Centre is opened since May 1999 and serves the population of East Cavan, North Meath and South Monaghan.  The Leisure Centre provides swim, gym and exercise facilities for its customers.  It is built on the land of Bailieborough Community School and provides services to thousands of students from 16 schools in the wider area.  
 
Bailieborough Swimming and Leisure Centre Ltd offer excellent opportunities for the following groups:
 
  • Local user groups, clubs and individuals.
  • Elite and competitive individual swimmers and sports persons.
  • Adult and child water safety and teaching.
  • Opportunites for the less advantaged person to participate.
  • Persons with disabilities.
  • Opportunites in family orientated leisure facilities.
 
A Community Finance (Ireland) loan has aided them to improve and enhance the fit out of the extension to the fitness centre.
 
 
 
 

Carrick Aces Athletic Club

Carrick Aces Athletic Club was founded in 1990 by Jim Marks.  It caters for athletes from County Monaghan, Cavan, Louth, Meath and Armagh. Carrick Aces Athletic Club provide facilities for multiple sports including Athletics, Gaelic, Soccer, Rugby and other ball sports, together with safe walking environment for all ages. The primary goal of the club is to promote a healthy lifestyle through athletics for the growing population in the area.  

 

A loan from Community Finance (Ireland) has enabled them to develop a 400m running track and playing field for use by the Community. Facilities will also include 2 long jumps, high jump and shot putt circle. The outdoor lighting means that the track can be used all year round.  

 

The facility provides the following benefits to the community:

  • Improves Health and Fitness of the population through increasing participation in sport.
  • Reduce Anti-Social behaviour through provision of alternative sports facilities.
  • Increase cross community and cross border participation in competition through sport. 

 

 

 

 

 

 

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. 

 

 

 

Ablevision Ireland Ltd.

With the assistance of a Community Finance (Ireland) bridging loan, Ablevision was able to proceed with a cross border documentary film production pending the receipt of a Rural Development Programme grant.

“Ablevision Ireland is a film production and media training company specifically for adults with intellectual disabilities. The funding from Community Finance (Ireland) has allowed us to proceed with an exciting cross border film production which explores the barriers between people from different backgrounds and the barriers within society towards people with intellectual disabilities.” Michael O’Dowd, Board Director, Ablevision Ireland Ltd.

CLICK ON LINK : http://bit.ly/1NZxG69

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

 

Client Relationship Executive

LOOKING FOR A NEW CHALLENGE?

WE ARE HIRING!!

 

LOOKING FOR A NEW CHALLENGE?

WE ARE HIRING!!

 

Community Finance (Ireland) as part of the UCIT Group have been responsible for the investment of approximately €70million into Community Owned Projects across the island over the last 15 years. The increase in demand for our loan fund which now totals almost €100 million has led to the need to recruit a Client Relationship Executive in the Munster / South Leinster Region.

The successful candidate will be expected to identify suitable Community Finance loan proposals, assemble well-structured credit papers and formulate reasoned recommendations ensuring that they meet the requirements of all stakeholders.  Click on Link  http://bit.ly/20dozYd

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".

 

Highland Radio Interview

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CLICK ON LINK             http://bit.ly/1k26Lz6

 

 

Northern Sound Radio Interview

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  CLICK ON LINK           http://bit.ly/1Ih4Rzj

The €100 Million Finance Fund Available to Clubs and Local Projects

Community Finance (Ireland) have invested over €70 million in voluntary groups and projects in every province on the island. We have €100m more to lend via our Social Finance Fund.

We are hosting a FREE session in The Welcome Inn, Castlebar, on Wednesday 18th November, 2015 at 7.30pm, entitled “How to Access Social Finance (A Step by Step Guide for Voluntary Groups)”.

Community Finance (Ireland) have invested over €70 million in voluntary groups and projects in every province on the island. We have €100m more to lend via our Social Finance Fund.

We are hosting a FREE session in The Welcome Inn, Castlebar, on Wednesday 18th November, 2015 at 7.30pm, entitled “How to Access Social Finance (A Step by Step Guide for Voluntary Groups)”.

The event covers all the basic elements of what an investor looks for when assessing funding applications. The session is low on jargon and assumes your group may never have had to access repayable finance before.

View more information >

€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
Robert Quinn Robert Quinn 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