When the unexpected happens and we need a little bit to tide us over, community lenders put your wellbeing first. Getting a loan isn’t always easy – especially if it’s only for a small amount, or… Continue reading
Category: News
Tender for an Evaluation of First Loss Funding to CDFIs
23 October 2023: Responsible Finance has received funding from City Bridge Foundation to pilot a London-based risk cover or “first loss” fund pilot with three consumer-lending community development finance institutions (CDFIs). Three participating CDFIs (Fair Finance,… Continue reading
More Londoners to avoid high-cost lenders thanks to support for community lenders
16 October 2023: More than 10,000 Londoners will be able to avoid high-cost credit or illegal lenders, and save hundreds of pounds in interest on vital small loans, thanks to new funding from City Bridge Foundation.… Continue reading
Seven proposals to boost SME finance sent to Treasury Select Committee
Responsible Finance has set out seven proposals to boost the availability of finance for fundable but under-served small businesses and break down barriers to economic growth. Our submission to the Treasury Select Committee’s Inquiry on SME… Continue reading
Peter Udale appointed Chair of Responsible Finance
“Jewels in UK financial sector with astonishing impact on businesses and individual lives have potential to do even more.” Responsible Finance thanks Charles Dodwell for serving as Chair for four years and welcomes Peter Udale to… Continue reading
More than 3 million may have borrowed from illegal moneylenders – new report urges boost to community lending sector
28 June 2023: Over 3 million people in Great Britain may have borrowed from an illegal moneylender in the last three years according to new research by IPSOS for Fair4All Finance. Results from a new online… Continue reading
22% rise in people and businesses turning to ‘social purpose’ lenders as cost-of-living pressures bite for households and small firms
17 May 2023: The number of people, businesses and social enterprises borrowing from the UK’s not-for-profit, ‘community development’ lenders has leaped by 22% to nearly 95,000 in 2022. New figures from Responsible Finance, which represents community… Continue reading
UK public think credit scores unfair, as organisations call for reform of credit information market
27.04.2023: Seven out of ten (70%) of UK adults believe it’s unfair for someone’s postcode or location to have a negative impact on a credit score, new research reveals today. More than half (55%) of adults… Continue reading
Coalition calls for Fair Banking Act, which public would back
27 March 2023: A large majority of the UK public would back a proposed ‘Fair Banking Act,’ according to findings from a new poll by Opinium Research for the Fair Banking for All coalition. The coalition… Continue reading
Responsible Finance and NatWest Hardship Grants
21 March 2023: Six Community Development Finance Institutions (CDFIs) have received funding through the Responsible Finance and NatWest Hardship Grants programme. Our members Adage Credit, Conduit Loans (part of Five Lamps), Fair Finance, Lancashire Community Finance,… Continue reading