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Research highlights need for Third Sector Investment Readiness Programme

30th September 2011

Paul Donaldson of Charity Bank presents laptop to Sorcha McKenna

Paul Donaldson of Charity Bank presents prize winner Sorcha McKenna from the Human Rights Consortium with the laptop in recognition of the valued feedback provided by third sector organisations in Northern Ireland

Recent research carried out by Belfast based business development agency, Ortus, on behalf Charity Bank has identified a need for third sector organisations to reposition themselves for sustainable investment in light of the sudden collapse in its previously assured funding streams.

The research, which has led to a tailored qualification being developed by Charity Bank in conjunction with the University of Ulster, included a consultation with third sector organisations from across Northern Ireland. Organisations were invited to comment on current trends in the sector and the issues they face. Those who replied to the consultation were entered into a prize draw for a brand new lap top, which was won by Sorcha McKenna of the Human Rights Consortium.

Paul Donaldson of Charity Bank, who presented Ms McKenna with the lap top, commented: “We at Charity Bank are happy to present the lap top in recognition of the valuable input from all of the third sector organisations who responded to the consultation. The Investment Readiness Programme is being developed to directly combat the issues raised during the consultation and promises to be an exciting new initiative, aiming to promote sustainable investment and financial management throughout the third sector in Northern Ireland.”

Programme Managers, Ortus, are currently inviting expressions of Interest from individuals and organisations who feel they would benefit from the qualification via an online form at www.readyforinvestment.org.

Notes to editors:

1.     The Investment Readiness: Third Sector Sustainable Investment Programme has been developed as a third sector sustainable investment and financial management qualification by Charity Bank, in conjunction with the University of Ulster.  It is designed to strengthen financial management capabilities among charities, voluntary organisations, social enterprises and community organisations.

2.     Charity Bank finances social enterprises, charities and community organisations, with the support of depositors and investors who want to use their money to facilitate real social change.

3.     Ortus, who are managing the programme, are a Business Development Agency based in Belfast offering property and business services to Northern Irish businesses of all sizes.

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