Community Trust loans out £7m
The Ulster Community Investment Trust (UCIT) committed £7m of loan finance to community organisations in 2013.
Founded in 1995, UCIT provides community and social enterprises throughout Northern Ireland and the Republic of Ireland with access to affordable loans. As a registered charity, all profits generated by UCIT are recycled for reinvestment into the social sector.
One recent recipient of such funding is Bangor Football Club. The club received a £250,000 loan to assist with the installation of a 3G pitch at its home ground at Clandeboye Park.
Additional grant funding was provided by Sport NI.