The Irish Social Finance Eco-system is poised to introduce it’s first new financial product in over 20 years, following research undertaken by Rethink Ireland, Community Finance Ireland, and Dublin City University, in association with the Irish Social Enterprise Network.
A mix of non-repayable loans, low interest loans and crucially non-financial support investment readiness, the product is primarily targeting first time borrowers from the social enterprise and community space.
The new and innovative product (a first in Europe) will aim to introduce those with no security, little by way of trading record, but delivering respectable levels of social impact, to loan finance via a responsible, calculated approach.
This event aims to pump prime demand among the marketplace for hybrid loan grant supports of between €30k and €100k. Those involved in local authorities and NGOs supporting social and community enterprise, as well as early stage social enterprises, will find this information of benefit.
As importantly, the product promoters who are placing the finishing touches to what will be a pilot call for applications in 2023, are seeking feedback on the generic financial needs of social enterprise through this event which is one in a series across Ireland.
If you want to find out more and speak to the team about this product, join our roadshows being held across the country: https://socialfinance.ie/events/