CORI Justice welcomes the new Social Finance Foundation
CORI Justice has welcomed the establishment of the Social Finance Foundation announced by Government today.
Fr Seán Healy, S.M.A. Director of CORI Justice stated that: "The development of social finance is very important and CORI Justice welcomes the establishment of the Social Finance Foundation. Organisations providing social finance, such as Clann Credo, have received substantial support from a wide range of religious congregations since its establishment more than ten years ago.
"This support will continue and increase. The provision of social finance has made a valuable contribution to local communities by providing seed capital for small locally-based enterprises."
Fr Healy stated that: "CORI Justice welcomes the Government's commitment that it will work to ensure there is sufficient finance to sustain the long-term viability of this approach as outlined in the social partnership agreement Towards 2016".
He also welcomed the fact that there will be a process put in place to monitor the implementation of this social finance initiative to ensure the commitments contained in Towards 2016 are honoured.
