News Formal

Social Finance Foundation to double community lending

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 32 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 61%

News News

Business

Social Finance Foundation lent €25.5 million to over 250 community groups across the country last year, and plans to nearly double community lending from €59m to €100m by 2029.

The non-profit body provides loan finance for community projects, with an average loan value of €101,000.

It says loans are available, with minimal processing time, to community and voluntary groups or social enterprises that create a social benefit for their community. SPADE offers shared office and kitchen space, as well as networking and mentoring to a community of 50 early-stage businesses with a strong focus on the food sector.

"With the assistance of social finance, at SPADE they will have access to the highest quality facilities for very nominal charges." "For us means being able to amplify the collective efforts of our members in pursuit of Ireland's circular economy ambitions."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jack Chambers named new Finance Minister as Michael McGrath heads for EuropeJack Chambers will replace Michael McGrath who has been nominated to become Ireland’s next European Commissioner.
Source: NewstalkFM - 🏆 19. / 55 Read more »

Jack Chambers named new Minister for FinanceJack Chambers is the new Minister for Finance after Michael McGrath was nominated by the Government as Ireland's next European Commissioner.
Source: rtenews - 🏆 1. / 99 Read more »