Social lender UCIT paid out £12m in loans in 2018

MTB is delighted to congratulate Ulster Community Investment Trust (‘UCIT’) on the news that it lent £12m to social and community groups in 2018. UCIT is a registered charity, established in 2001 in response to decreasing grant support from government and the difficulties experienced by community organisations in accessing commercial loan facilities. We at MTB are proud to have been UCIT’s trusted legal advisers throughout the whole of its journey to date and look forward to partnering with it in the future.