1. Innovating For Good
INNOVATION
DUBLIN 2010

2. Financing Social Enterprise
Paul O’Sullivan
Clann Credo – the Social Investment Fund
INNOVATION
DUBLIN 2010

3. Today
• Where can a social enterprise go for finance?
• What is Social Investment?
• How we assist?
• How can we promote social enterprise?
INNOVATION
DUBLIN 2010

4. Private Business
• Self
• Friends & family
• CEB’s / EI
• Leader in rural areas
• Private Investors
• BES Funds
• Banks
INNOVATION
DUBLIN 2010

5. Social Business
• CSP / CE
• Leader in rural areas
• Social Investors
• Banks
• Fundraising
• Philanthropic grants
INNOVATION
DUBLIN 2010

6. What we do
• Invest in social enterprises, charities & community organisations
• Must have social impact and repayment capacity
• Capital is repaid and available for reinvestment.
• The interest paid covers overheads and loan losses.
• Capital from private sources:
– Religious congregations investing in a way that is consistent
with mission and
– Banks through the Social Finance Foundation
INNOVATION
DUBLIN 2010

7. Social Finance
• Repayable loan finance
• Social outcome & repayment capacity
• Available to: social enterprises, community
businesses, community & voluntary sector
and charities
INNOVATION
DUBLIN 2010

8. Wide Benefit
INNOVATION
DUBLIN 2010

9. Range
• Accessible/Rural Transport
• Community & Social Enterprise
• RDP Projects
• Social Housing
• Community Centres
• Elder and youth care
• Community Arts/Drama
• Sports Facilities (including GAA/soccer clubs)
• Environmental Projects
INNOVATION
DUBLIN 2010

10. Community /
Social Enterprise
• Businesses set up to
– tackle social, economic or environmental issues and
– engaging in activities of a commercial nature
in order to produce social and community
gain.
INNOVATION
DUBLIN 2010

11. Task Force
• National Policy
– Unheralded
– Undervalued
– Unknown
• Benefits of Social Enterprise
– Jobs and More
– Overcomes market failures
– Flexible and responsive to local needs
– Innovative and creative
INNOVATION
DUBLIN 2010

12. Task Force Report
• www.SocialEnterprise.ie
INNOVATION
DUBLIN 2010

13. Promoting Social Enterprise
• What each of us can do
INNOVATION
DUBLIN 2010

14. Thank You
Clann Credo – the Social Investment Fund
(01) 400 2100
info@ClannCredo.ie
www.ClannCredo.ie