How Street UK adapted to serve low-income households during Covid-19 Continue reading
Archives for 2020
Year: 2020
Affordable Credit in Covid-19: How Scotcash helped customers save thousands of pounds
It’s always been clear to Sharon MacPherson, chief executive of Scotcash, that her customers are careful with money. “They might be excluded from mainstream financial services, but they’re exceptional at managing their budgets.” So when Covid-19 struck how did it affect customers – and what was the impact on Scotcash’s products and services? Continue reading
Exceptional businesses and finance providers win Citi Microentrepreneurship Awards 2020
Four firms awarded £7,500 prizes in microentrepreneurship awards celebrating their success and support from responsible finance providers A business launched to make the world accessible to disabled travelers, a plastic-free zero waste store which has revitalised… Continue reading
CBILS Update – 6th July
As of 6th July 2020, Responsible Finance can confirm that our members have approved £24.6 million of loans for 394 small businesses and microenterprises through the Coronavirus Business Interruption Loan Scheme.
Tomorrow’s Summer Statement Should Commit to Investing in CDFIs to Prevent Unemployment and Stimulate Job Creation in SMEs which Fall Between the Cracks
CDFIs prevent and reduce unemployment by supporting businesses, fostering inclusive growth, boosting productivity and facilitating enterprise creation. They are key strategic partners for the Government and the British Business Bank, and the sector needs urgent access… Continue reading
CBILS Update – 22nd June
As of 22nd June 2020, Responsible Finance can confirm that our members have approved £23 million of loans for 377 small businesses and microenterprises through the Coronavirus Business Interruption Loan Scheme.
CBILS Update – 8th June
As of 8th June 2020, Responsible Finance can confirm that our members have approved £20.8 million of loans for 356 small businesses and microenterprises through the Coronavirus Business Interruption Loan Scheme.
The Government should end the delay in granting alternative lenders access to Bank of England funds
The UK’s non-bank lenders and the Government are continuing to discuss access to cheap funding from the Bank of England. It is clear that without this, non-bank lenders and the diversity they bring to the SME… Continue reading
CBILS Update – 25th May
As of 25th May 2020, Responsible Finance can confirm that our members have approved £18.5 million of loans for 333 small businesses and microenterprises through the Coronavirus Business Interruption Loan Scheme.
With the right support from government this period of financial vulnerability for households can be temporary
More work is needed to enable the resilience of a large part of society. Delivering hardship funds through the responsible finance sector will help do just that. Continue reading