Ulster Bank offering £20k grant to one NI social enterprise

  • Ulster Bank is offering NI social enterprises the chance to receive a £20,000 grant to help develop a project with direct social impact on a community in need.

    This comes as part of a UK-wide celebration of the 20th year of charity, Social & Community Capital (S&CC). The grant is intended to help create positive impact on people who are considered vulnerable or marginalised.

    A £20,000 grant will be offered to an organisation in each of: Scotland; North; Midlands & East of England; South West; Wales; London & South East and Northern Ireland.

    In order for businesses to apply, they must meet eligibility criteria. This includes having to be UK-based and focused, having social aims and having been trading for at least two years with a turnover of up to £2.5m per year.

    Mark Crimmins, Head of Ulster Bank in Northern Ireland said that it “is a great opportunity for a Northern Ireland social enterprise to avail of additional funding that they can put to good use making a positive impact locally.”

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    S&CC was created to provide flexible loan finance to social ventures that may be unable to access mainstream funding. NatWest, Ulster Bank’s sister bank, set the charity up. It offers loan funding of between £30,000 and £750,000 and in the last five years has approved over £10m in loans to more than 80 organisations throughout the UK.

    Ulster Bank said that in 2018, S&CC loan funding led to more than 60,000 people and 117 groups supported, more than 370 jobs created and a further 730+ jobs maintained.

    Simon Jacobs, Chair of Trustees at Community Capital, said: “The work that S&CC does throughout is unrivalled in banking. I am honoured to be involved, and to have seen first-hand the amazing work that the ventures we support are able to do in their respective communities and areas.

    "To have not only been going for 20 years, but to have grown exponentially is something the whole bank is rightfully proud of. None of it would have been possible however, without the fantastic businesses and business owners that we have worked alongside for the last two decades.”

    For more eligibility criteria and details on how to apply, click here.

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