Innovating For Good INNOVATION DUBLIN 2010
Paul O'Sullivan (CEO, Clann Credo - The Social Investment Fund)
Jan 12, 2015
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Innovating For Good
INNOVATION DUBLIN 2010
Financing Social Enterprise
Paul O’SullivanClann Credo – the Social Investment Fund
INNOVATION DUBLIN 2010
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
Private Business• Self• Friends & family• CEB’s / EI• Leader in rural areas• Private Investors• BES Funds• Banks
INNOVATION DUBLIN 2010
Social Business
• CSP / CE• Leader in rural areas• Social Investors• Banks• Fundraising• Philanthropic grants
INNOVATION DUBLIN 2010
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
Social Finance
• Repayable loan finance• Social outcome & repayment capacity• Available to: social enterprises, community
businesses, community & voluntary sector and charities
INNOVATION DUBLIN 2010
Wide BenefitINNOVATION DUBLIN 2010
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
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
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
Promoting Social Enterprise
• What each of us can do
INNOVATION DUBLIN 2010
Thank You
Clann Credo – the Social Investment Fund
(01) 400 2100
www.ClannCredo.ie
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