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24 October 2011

The Executive agreed on 22 March 2011 to the establishment of the Social Investment Fund (SIF) and monies totalling £80million over a four year period were subsequently allocated in the Budget.

About the fund

The high level aim of the Social Investment Fund is to reduce poverty, unemployment and physical deterioration in areas through area based interventions of significant scale which will be delivered in partnership with communities. The Fund will to encourage communities, statutory agencies, business and departments to work together in a co-ordinated way, reducing duplication, sharing best practice and enhancing existing provision for the benefits of those communities most in need.  

The SIF's strategic objectives are to support communities to:

• build Pathways to Employment
• tackle the systemic issues linked to deprivation
• increase community services
• address dereliction

The consultation paper for this fund is attached and available at http://www.ofmdfmni.gov.uk/social-investment-fund

Public consultation events on the Social Investment Fund have been scheduled as follows and all will commence at 7pm:

Belfast                                   Holiday Inn               Wednesday 26 October      

Derry/Londonderry            City Hotel                  Tuesday 1 November          

Antrim                                    Dunsilly Hotel          Tuesday 8 November          

Enniskillen                           Killyhevlin Hotel    Wednesday 16 November   

Craigavon                            Civic Centre             Monday 21 November 

Newry                                    Town Hall                 Wednesday 30 November