A major new report
has found that Clann Credo’s support has been “essential” to the success of
many projects and organisations nationwide, with a high proportion stating they
would not exist without it.
The study of the
impact of Clann Credo’s work was carried out by DKM Econmic Consultants. It specifically
sought to “measure the contribution that Clann Credo has made to the economic
and social fabric of Ireland.”
Focussing on the
extensive Clann Credo client base - built up over 15 years - the study found that
70% of respondents classified this support as “essential” to the overall
success of their project. The remaining 30% rated Clann Credo’s support as
“very important.”
Remarkably, many
organisations responded by stating that they “would not now be in existence” without
the support of Clann Credo.
As one respondent
told researchers: “No other financial institution would have supported us the
way Clann Credo have. They have been a pleasure to deal with, both on a professional
and a personal level.” Respondents were found to be involved in a wide range of
social activities, with ‘community facilities’ and ‘childcare’ the two most important
areas cited.
Wages and salaries
along with spending on local goods and services accounted for the two highest
categories of outgoings, indicating how vital these organisations are to the health
of local and regional economies.
The study, when
published, will also provide for the first time a comprehensive overview of the
Social Enterprise and Community Business Sector in Ireland and an assessment of
its contribution to our economy and society.
The full study will
be made available here shortly.