Join Us For Top Tips on what makes a successful Social Finance Application

Join Us For Top Tips on what makes a successful Social Finance Application

In conjunction with, Community Finance Ireland will host three information workshops to equip your organisation with all the tips necessary to make a successful application for Social Finance with us.

These 45 minute sessions will be hosted virtually on Zoom by our Social Finance experts on the following dates:
Fri 21 January 2022 | 12:30 to 13:15
Thu 27 January 2022 | 12:30 to 13:15
Fri 28 January 2022 | 12:30 to 13:15
To register for one of the sessions or for further details, click the link button with your preferred date above.

We look forward to welcoming you,
Emmett O’Hara
Head of Community Finance (Republic of Ireland)
Community Finance Ireland
Social Finance Workshops are nearly here!

Social Finance Workshops are nearly here!

We are busy lining up some workshops in the coming weeks starting this Friday 5th November with a packed out ‘Organisational structure, form status and potential relationships with group structure’

We still have two workshops coming up on the 12th and 26th November: ‘Nature and extent of relationships with social finance providers and credit unions’ & ‘Social impact reporting and investment readiness’

If you are a social enterprise and interested in giving us your views, don’t hesitate to reach out to

EU Taxonomy

EU Taxonomy

In July 2020, the EU’s Taxonomy Regulation entered into force. This is a classification system which establishes a list of environmentally sustainable economic activities: climate change mitigation/adaptation, transition to a circular economy etc. This created a legislative framework which would provide the market with necessary confidence on environmental performance and help investors and companies to plan and report on the transition. 

Linking this to social finance, a recent mandate was introduced to advise the EU Commision on possibly extending the structure towards more of a social taxonomy which would contribute towards social objectives, such as business ethics, governance, access to healthcare, equality/non-discrimination etc. This would allow these social objectives to be acknowledged as a key element of future sustainable investing – which aligns with the concept of social finance. The ideas for these objectives can be seen below:

Source: Webinar on social taxonomy – Platform on Sustainable Finance

In recent times, there is pressure for those investing to take into consideration social issues when choosing their investment, as a lack of consideration about these topics carries a special risk – which includes possible contribution to climate change/breaches of human rights laws, malpractice of board members and failure to comply with fiduciary duty in tackling social issues. The taxonomy regulations are a strong example about how theories such as social finance need framework and legislation in order to be successfully put into practice. If the EU taxonomy pivots to prioritize the aforementioned social objectives, this will create a great opportunity for social finance to grow its resources and be able to have more of an impact across the sector.

Social Finance Survey Winners Announced!

Social Finance Survey Winners Announced!

Photo: Emmett O’Hara, Associate Director Community Finance Ireland; Marie McSteen, Director Balbriggan Meals on Wheels (accepting cheque); Christine Rafferty, Balbriggan Meals on Wheels, Director; and Liz Wall, Office Administrator, Balbriggan Meals on Wheels

Huge congratulations to the team at Balbriggan Meals on Wheels for winning the Financing Social Enterprise in Ireland survey. The team were presented with a €250 One4All voucher kindly sponsored by Community Finance Ireland. The survey asked respondents about their experience about social finance with their social enterprise in Ireland. The winners were chosen at random and presented on site with the Associate Director of Community Finance Ireland, Emmett O’Hara.

You can find out more about Balbriggan Meals on Wheels and their important work through their Facebook Page and some information below.


Balbriggan Meals on Wheels was founded in 1975. The kitchen was built in three months. All the work on the building was carried out by volunteer labour. The first meals were delivered on 1st January 1976. Some people who worked in the very first year are still with us today.

Balbriggan Meals on Wheels was established to provide meals for people who are ill, recovering from a serious illness, or for some reason are unable to provide meals for themselves. Balbriggan Meals Ltd still provides meals to the most vulnerable people in our community; they are people who are referred to us by Public Health Nurses and Social Workers. We operate six days per week and currently provide in the region of 80-100 meals per day in the wider Balbriggan Community.

Prior to Covid-19, we operated a Dinner Club at our base in Hampton Street, Balbriggan 3 days per week for approximately 25 people each day. This not only provided a meal for our clients but also offered an important social outlet for these people to meet up and enjoy the company of others. Unfortunately, our Dinner Club has been suspended since March 2020. We are hoping that we will soon be able to resume this service in some capacity over the coming months.

Balbriggan Meals on Wheels is an essential voluntary service that requires all the support it can get. The organisation, therefore, depends heavily on fundraising and donations.

We are delighted to have won the €250 One4AllVoucher and would like to thank Community Finance Ireland for this.

Resources for Social Finance in Ireland

Resources for Social Finance in Ireland

Today we would like to provide you with an overview of social finance resources available to Irish social enterprises. 

While the consortium is working on redressing the gap in suitable, tailored financial instruments for the growing social enterprise sector via the development of an investment strategy and related tools, we know that there are many of you in need of capital support to facilitate further growth right here and now. We hope that this blog post can point you in the direction of the social finance partner who can best support you on your journey.

It is our hope that over the next few years the following list will start to grow, in part due to this research project. At the moment, there are essentially two providers of social finance directly to Irish social enterprises.

Community Finance Ireland – one of our Consortium partners – is a so-called social lending organisation, provides loans to community projects and social enterprises looking to create social change and impact across the country. They provide a range of long-term and short-term, secured and unsecured loans ranging from €10,000 to €600,000. Clann Credo offers, like Community Finance Ireland, loan finance to community organisations and social enterprises, to support organisations making a social impact. Both organisations reinvest profits into their mission, showing how they themselves are part of the social economy.

Other financing opportunities include Microfinance Ireland, which are not social finance specific but provide unsecured business loans to micro-enterprises with viable business proposals. Other actors in the field include the Social Finance Foundation. It is however not part of the list directly, as they act not as a direct finance source for the sector but instead provide capital to Clann Credo and Community Finance Ireland as their lending partners. 

At a European level, the European Investment Fund, has started a range of initiatives under their Inclusive Finance mandate, however mostly via providing funding and other supports to intermediaries at national level.

If you know of any Social Finance resources we have not included in this post, please feel free to reach out to us and share your experience. We hope that over the next few months and years this list will continue to grow, so we might return to this topic at a later stage.