Offaly Integrated Local Development Company Limited By Guarantee is a partnership of agencies and organisations representing the community, statutory and private sectors. It is funded by a number of government departments and agencies to deliver a variety of programmes and supports to individuals, communities and businesses in Co. Offaly. OLDC utilises a mix of in-house expertise and external funding to enable it to deliver these supports in the county.
The company was established in 2008 following the amalgamation of Offaly LEADER, Tullamore Wider Options, West Offaly Partnership and the Co. Offaly part of OAK Partnership.
As set out in its constitution the main object of the company is –
To promote, support, assist and engage in (a) social development, (b) enterprise development to facilitate rural and urban regeneration and (c) community development, designed to benefit and promote the welfare of local communities or to deal with the causes and consequences of social and economic disadvantage or poverty.
Offaly Integrated Local Development Company Limited By Guarantee has been granted charitable tax status under sections 207 (as applied to companies by Section 76) Section 609 (Capital Gains Tax) and Sections 266 (Deposit Interest Retention Tax) of the Taxes Consolidation Act 1997, Charity No CHY 18746 and is registered with the Charities Regulatory Authority, RCN 20072551.
The principal activity of the company is to act as an administrative umbrella for a group of county-wide, community projects, schemes and initiatives. Any surpluses are set aside for the future development of the company. The company receives core funding from the Department of Environment, Community and Local Government, Department of Social Protection and Pobal.
The Board of Directors establishes policies, priorities and provides strategic direction to the Company. Company activities are overseen by the Board of Directors to a comprehensive set of standards, procedures and policies that cover governance, programme requirements, HR, financial and health and safety management, to comply with public funding requirements on programme and project delivery, procurement, financial management, monitoring, evaluation, processing of data and funding apportionment.
Offaly Integrated Local Development Company Limited By Guarantee has a number of subcommittees that report to and make recommendations to the Board of Directors, some of which are as follows: