Ulster Community Investment Trust Leading Change Investment | jobs | Growth Harry McDaid, Chief Executive

UCIT - Background A Charity and a Social Enterprise lending money where others don’t Ulster Community Investment Trust (UCIT) was established as the first social investment fund in Ireland The ambition was and remains to help stimulate economic growth and job opportunities in areas of deprivation and high unemployment The social dividend ranks alongside the financial dividend Supporters included Government, International Fund for Ireland and Philanthropies Our aim is to work with communities, voluntary organisations and those in the margins of society, where conventional banking doesn’t happen.

Social Enterprises UCIT Input Investment Value to the SE Sector >£30m to date and rising loans repayments

UCIT – Key Statistics Since 2001: Initial Capital Investment of £12 million and internally generated reserves In excess of £30 million invested into community “owned” infrastructure and recycled as repaid Over 200 community organisations, charities & social enterprises assisted Estimated direct employment of approx. 2,000+ Estimated indirect employment of approx. 6,000+

FSA Authorised

£5 million loan fund – Invest NI Access to Finance Initiative Loans of £1,000 - £50,000 to individuals, private companies and social enterprises within the start-up and growth phases Evidence of funding refusal from the private banking sector

Thank You Ulster Community Investment Trust (UCIT) Linenhall Street Belfast BT2 8AA Tel – Web –