Millions of us can’t get fair credit when we need it. We may have no credit history or a low credit score. When there’s an emergency or large expense, where can we go? Friends and family… Continue reading
Category: News
Fuelling potential: How microlenders transform lives and local economies
Many people who want to work, become self-employed or start a business struggle to get finance and support, especially if they: have been unemployed or ill are migrants or refugees with the right to work have… Continue reading
Consumer CDFI Salad scoops LendTech of the Year in UK FinTech Awards
Responsible Finance member Salad has been named LendTech of the Year in the UK FinTech Awards, scooping the accolade in a category featuring strong finalists including NatWest, Pockit and ThinCats. Salad is a social enterprise which… Continue reading
Michael Sheen’s fight for fair credit
Michael Sheen has got skin in the game. The actor and activist has long been interested in fair credit – he launched the End High-Cost Credit Alliance at Responsible Finance’s 2019 conference. In his new documentary… Continue reading
Informing the Development of the National Financial Inclusion Strategy
Responsible Finance board member Tim Rooney is part of a new sub-committee examining how to improve access to affordable credit as part of the Government’s commitment to develop a Financial Inclusion Strategy. Rooney, CEO of our… Continue reading
Small Business Finance Champions
Hundreds of thousands of great businesses want to grow every year. But lots of strong businesses don’t meet banks’ and other lenders’ criteria. Community development finance institutions (CDFIs) have backed UK businesses for more than 20… Continue reading
Patricia Hamzahee OBE Joins Responsible Finance Board
13 January 2025: Patricia Hamzahee OBE, an advisor, investor, philanthropist and specialist in access to funding for diverse businesses and social enterprises, has joined the board of Responsible Finance as the organisation prepares to boost flows… Continue reading
Double boost for small business finance: £150m and £4m initiatives will drive inclusive growth across UK
27 November 2024: £150m and £4m initiatives will drive inclusive growth across UK, unlocking finance for underserved small businesses through community development finance institutions Double boost for small business finance: pivotal programmes to empower small businesses… Continue reading
New backing for CDFIs will enable more businesses to grow
Capability and capacity building programme announced, backed by Lloyds and the Department for Culture, Media and Sport (DCMS) MP visits Yorkshire entrepreneurs growing businesses with CDFI funding 14 November 2024: More businesses will be able to… Continue reading
Lloyds Banking Group MD joins Responsible Finance board to help build more partnerships between major banks and community lenders
Responsible Finance, which represents the UK’s £287m community development finance institution sector, has appointed Chris Sood-Nicholls of Lloyds Banking Group to our board as a non-executive director. Sood-Nicholls is Managing Director, Regional Development at Lloyds Banking… Continue reading