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Social investment in Wales

Presentation by Matthew Brown, Manager of The Wales Council for Voluntary Actions, Communities Investment Fund, on the occasion of the EESC conference on "Social economy and social innovation as drivers of competitiveness, growth and social well-being - Perspecitves and priorities for the new Commission and the European Parliament" (Brussels, 1 October 2014)

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Social investment in Wales

  1. 1. Social Investment in Wales Matthew Brown Communities Investment Manager Wales Council for Voluntary Action (WCVA)
  2. 2. Introduction – • WCVA is the umbrella organisation for the third sector in Wales. • We represent, support and advocate for the third sector. • Since 2006 WCVA has been active in the area of social investment.
  3. 3. How we see Social Investment - • The providing of repayable finance to third sector organisations. • Supports the creation or expansion of trading income • Supports the creation of jobs and wealth creation in our communities • Creates additional added value through further social or community benefits
  4. 4. What we have achieved – • Invested around £5 million (€6.3m) • Repayments of over £2m repaid (€2.55m) • In last 2 years supported the creation over 60 jobs • Invested where commercial lenders will not • Supported the social economy to become more entrepreneurial as public support continues to decline
  5. 5. Investment examples – • Antur Stiniog – Championship downhill mountain biking. Led to a rise in visitor spend from £0.20 per head to £17 (€ 0.25 / € 21.7) in their locality. • Community Wellbeing Coaches – Previous public sector activity that was cut but re-established as a social enterprise earning income and employing 17 people. • Theatr Mwldan – Now a thriving rural community arts centre that redeveloped to include the ability to stream live performances from London.

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Presentation by Matthew Brown, Manager of The Wales Council for Voluntary Actions, Communities Investment Fund, on the occasion of the EESC conference on "Social economy and social innovation as drivers of competitiveness, growth and social well-being - Perspecitves and priorities for the new Commission and the European Parliament" (Brussels, 1 October 2014)

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