One of the only developers in the country building houses to the premium ecological ‘Passivhaus’ standard has secured crucial bridging funds via a ‘Coronavirus Business Interruption Loan’ enabling its work to continue – protecting four jobs and helping to create four additional jobs. Continue reading
Archives for 2020
Year: 2020
CBILS update April 20
As of 20th April 2020, Responsible Finance can confirm that our members have lent £7 million to over 100 small businesses and microenterprises through the Coronavirus Business Interruption Loan Scheme.
BCRS appoints Stephen Deakin as new Chief Executive
West Midlands-based Responsible Finance member BCRS Business Loans has appointed a new chief executive as it heralds another record year of lending. The alternative business lender has announced that Stephen Deakin will step up to the… Continue reading
Responsible Finance calls for emergency funding for individuals being pushed into poverty by the coronavirus pandemic
Responsible Finance is calling for measures to ensure that vulnerable people and low-income families are not pushed into financial hardship – and into the hands of exploitative lenders – as a result the coronavirus pandemic. The… Continue reading
Coronavirus Business Interruption Loan Scheme
The Coronavirus Business Interruption Loan Scheme opens to businesses today (23 March), offering emergency financial support for SMEs and microenterprises vulnerable to an economic downturn as a result of the coronavirus pandemic. Continue reading
Open Letter to the Chancellor of the Exchequor: The government must step up its support for individuals with targeted emergency loan and grant funding delivered through responsible finance providers
The Rt Hon Rishi Sunak MP Chancellor of the Exchequer 1 Horse Guards Road Westminster SW1A 2HQ 17th March 2020 Dear Mr Rishi Sunak, The government must step up its support for individuals with targeted emergency… Continue reading
Open Letter to the Chancellor of the Exchequor: Vulnerable small businesses need additional targeted emergency loan funding delivered through responsible finance providers
The Rt Hon Rishi Sunak MP Chancellor of the Exchequer 1 Horse Guards Road Westminster SW1A 2HQ 17th March 2020 Dear Mr Rishi Sunak, Vulnerable small businesses need additional targeted emergency loan funding delivered through responsible… Continue reading
Don’t waste the opportunity to get things done, Chancellor – statement about the Budget for business
Our message to the Chancellor is not to waste an opportunity to get things done – and if he’s truly serious about doing whatever is necessary, ask responsible finance providers to help deliver these emergency financial support measures. Continue reading
Local authorities should use responsible finance providers to help deliver the hardship fund to where it is needed most – statement about the budget for individuals
Today’s budget outlined a raft of welcome support to vulnerable individuals who may be at risk as a result of the coronavirus outbreak. Theodora Hadjimichael, chief executive of Responsible Finance, said: “The Chancellor Rishi Sunak announced… Continue reading
Emergency funding is needed for low-income and gig-economy workers in the wake of the coronavirus outbreak
Theodora Hadjimichael, CEO at Responsible Finance, commented: “The coronavirus (COVID-19) outbreak presents a significant challenge to UK workers. At least 20% of the workforce – over 5 million self-employed people and at least 1.5 million individuals… Continue reading