11 Apr 2019

Social Investment Cymru (SIC) are very pleased to officially announce the appointment of a Project Officer based in North Wales.

Caryl Adams will be working from their Rhyl office and will lead on guiding local social enterprises through their applications for social investment.

Alun Jones, Head of Social Investment Cymru, said: "It's a long overdue appointment. We're well aware of the range and quality of social enterprises operating in all parts of North Wales and we're very glad to be able to put in place the locally based support that they deserve. We're looking forward to them keeping Caryl very busy, putting lots more money to work in those communities" 

SIC provides a wide range of social investment packages, starting with loans used for a huge variety of purposes, as well as The Social Business Growth Fund (SBGF)andCommunity Asset Development Fund (CADF), both part-funded by the European Regional Development Fund and Welsh Government. These provide funding for social enterprises to help them create jobs and grow, as well as purchasing buildings or making renovations, sharing the risk with the Third Sector in what are often significant investments. 

The SBGF and CADF programmes have already proved very popular and social enterprises are encouraged to get in touch with Caryl to see how they might be able to use the schemes in support of their own aspirations. 

Maps created by the Personal Finance Research Centre at the University of Bristol show that SIC have a proven track record of investing in areas with the highest levels of deprivation in Wales, as well as into the areas with the lowest levels of investment from the traditional banking sector. SIC has shown that whatever the scale of its investments, the organisations taking them on can make significant changes for the better within the communities they serve. 

Caryl Adams said: "What I really enjoy is the full 'hand-holding' support I can offer applicants all the way through the funding process, to ensure the best chance of a successful outcome at the end. I'll be tailoring the finance we have to offer so it's right for the organisations and work with them in submitting a strong application. It doesn't end there - I'll be alongside them throughout the period of the investment to help and support."



Caryl can be contacted on 01745 357556 or at cadams@wcva.org.uk