04.10.2021 An article in today’s Times newspaper includes coverage of the call by the All-Party Parliamentary Group (APPG) on Fair Business Banking for Government to support CDFIs.
In its recent report the APPG said Government should “Deliver a strong local finance option for every business in the UK – by providing capital to regionally based CDFIs and mutual banks which they will then multiply by lending to thousands of local businesses.” It added that “in the longer term, a mandated portion of bank lending should come through CDFIs in order to allow them scale their offerings further.”
The Times’ article mentions the call for Government to back CDFIs and the £22bn funding gap for small firms.
- Read the Times article here (Times subscription required).
- Read more about the APPG inquiry and its recommendations to Government in our article here, Inquiry finds business funding gap needs local finance to make levelling-up reality
What next?
- Media / journalists: Responsible Finance, our members and clients have featured in TV, radio, national and regional newspapers, magazines, online and in podcasts.
- Want to speak to a thriving business, excluded from bank finance but supported by a CDFI? We can help.
- We can offer interviews, comment and case studies about access to finance / affordable credit / financial inclusion / debt, relating to businesses, social enterprises and people. Please contact [email protected] // 07904 272 200 to request interviews and case studies.