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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.

 

Ballyhea GAA Club

Ballyhea GAA Club was founded in 1884, the same year as the GAA itself.  They serve the parish of Ballyhea in North Cork.  During its time the club has won County Finals in Senior, Intermediate and Junior and Juvenile levels. Ballyhea GAA encourage values of tolerance, self-discipline, team spirit and strength of characters that are practiced and promoted in their club. They offer a valuable service to their local community.

Emigration, the Great War, plus the Civil War had a major effect on the club.  From 1914 to 1926 there was no Ballyhea team competing.  In 1931 Ballyhea defeated Bandon to win the County Intermediate Title.

In 1958 Ballyhea  acquired its permanent home in Castleharrison.

In recent years a Camoige Club has been set up and won two County Titles.

A loan from Community Finance (Ireland) has helped towards the construction of a clubhouse, to include changing rooms and internal ball alleys.

 

 

 

 

Drogheda Town FC

Drogheda Town FC was founded in 1969 as Mosney Celtic with two founder members remaining as Honorary Presidents.  In 1984 the club moved to Marian Park and was renamed as Drogheda Celtic.  In 2001 the club was formed from the amalgamation of Drogheda Celtic and West End forming Drogheda Town FC.  

In 2006 a juvenile section was started and they now have 2 senior teams and 10 juvenile teams. Age groups 8 to 13 year olds play in the Drogheda and District League and 15 to 18 year olds play in the NDSL.

The clubhouse provides excellent facilites and social activities and is used by all local community groups. 

"Drogheda Town FC are appreciative of the loan that Community Finance (Ireland) funded which has enabled the Marian Park clubhouse to be built to a high energy efficient specfication.  We are proud to say that the clubhouse is for everyone and caters for kindergarden to senior players and has provided local employment. These excellent facilities are a help to the greater community at large." (Mick Toner, Chairman, Drogheda Town FC). 

Cavan County Enterprise Fund

Cavan County Enterprise Fund (CCEF) was established in 1988 with financial support from The International Fund for Ireland (IFI). They offer eligible enterprises, flexible loan finance to new and expanding small business, usually in the manufacturing, tradable services and tourism sectors. 

The objectives for which the company was formed include :

To give effect to or to further the aims and objectives of The International Fund for Ireland by creating a revolving business enterprise fund.  

To become involved in, assist, contribute towards or manage any small industry or community based economic project or any workspace project or any programme created or organised under the auspices of The International Fund for Ireland. 

A loan from Community Finance Ireland has enabled Cavan County Enterprise Fund to develop a high quality / high tech office space. 

 

 

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. 

 

 

 

€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

 

Charity Investor Highlights Risks to Clubs of Bridging Community Grants

For further information on Charity Investor Highlights Risks to Clubs of Bridging Community Grants  CLICK ON LINK : http://bit.ly/2itqagz

For further information on Charity Investor Highlights Risks to Clubs of Bridging Community Grants  CLICK ON LINK : http://bit.ly/2itqagz

South & Mid Leinster get designated Executive for a €100 million fund for Community Organisations

Barry Symes has taken up an Executive role with Community Finance (Ireland). 

Barry Symes has taken up an Executive role with Community Finance (Ireland). 

Barry Symes

Barry Symes, who is Gorey based is a former senior Ulster Bank Official with over 15 years’ senior management experience in banking and finance. Barry is hugely immersed in community and voluntary activity and has been active in the Gorey area with groups such as the local Courtown Golf Club, Gorey Rugby Club, Gorey Hockey Club and Leskinfere Community to name a few.

According to Barry Symes, “Community Finance (Ireland) continues to grow in order to meet the needs of the thousands of community and voluntary groups throughout Ireland who are seeking to raise finance for their worthy projects. Community Finance (Ireland) recently approved a number of new investments in South Leinster, including New Ross Community Hospital, South East Mountain Rescue Association, JFK Trust and Kilkenny based, South East Food Trade Desk. We are keen to build on this work and many other investments in Leinster and elsewhere over the coming years.”

Donal Traynor, Associate Director of Community Finance (Ireland) said, “It’s wonderful to have an experienced professional such as Barry Symes join the Community Finance (Ireland) team, because in addition to his career in banking and finance, he has been heavily involved in member owned, community based entities for decades.”

Media Coverage

Northern Sound Radio Interview                                  CLICK ON LINK           http://bit.ly/1Ih4Rzj

 

Northern Sound Radio Interview                                  CLICK ON LINK           http://bit.ly/1Ih4Rzj

 

Highland Radio Interview                                             CLICK ON LINK           http://bit.ly/1k26Lz6M

 

Meath Accessible Transport (Flexibus) Interview          CLICK ON LINK           http://bit.ly/2gG3lUZ

 

South East Radio Interview                                           CLICK TO LISTEN       

(S.E. Business Matters Saturday 11.3.17)

 

€5 million
Invested in Sports Clubs

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Donal Traynor
Associate Director
Dublin / Border / Midlands
087-2521038

Donal Traynor
Associate Director
Dublin / Border / Midlands
087-2521038

Marie Carpenter
Office Administrator
041-6858637

Marie Carpenter
Office Administrator
041-6858637

Rose Hally
Client Relationship Executive
Connaught / Munster
086-0492964

Rose Hally
Client Relationship Executive
Connaught / Munster
086-0492964

Barry Symes
Client Relationship Executive
South Dublin / Leinster
086-1422720

Barry Symes
Client Relationship Executive
South Dublin / Leinster
086-1422720

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
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


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