Responsible Finance member, Fair Finance and Fair4All Finance have agreed a package of social investment to increase the supply of affordable credit across the UK and help tackle financial exclusion. Continue reading
Category: News
Recovery Loan Scheme successor announced
The Government announced today (20 July 2022) that there will be a successor scheme to the Recovery Loan Scheme, which will open for applications in August 2022. Responsible Finance has been calling for confirmation of a… Continue reading
Responsible finance changes lives – 2022 Impact Report
Our 2022 Impact Report gives a comprehensive insight into CDFIs’ work and the unique effects of fair, affordable finance from our members in 2021. The businesses, social enterprises and jobs we created and grew. The millions of pounds we helped households save in interest. The inequalities we fought.
It covers our purpose-driven members’ social, environmental and economic impacts, and maps how this work contributes to the UN Sustainable Development Goals (UN SDGs), today, all over the UK. Continue reading
The Financial Times: Banks and Government should support community finance
Financial Times consumer editor Claer Barrett’s comprehensive article, published in FT Weekend and online, says millions of people are vulnerable to loan sharks and calls on banks to get behind community lenders. Continue reading
The FT: Scale-up CDFIs to fill Provident gap
31 March 2022: An FT article about Provident Financial, which closed its doorstep lending division last year after receiving thousands of customer complaints and being investigated by the Financial Conduct Authority (FCA) for selling unaffordable loans,… Continue reading
BBC Money Box: Theodora Hadjimichael interviewed on community lenders
12th March 2022: BBC Radio 4’s Money Box programme covered community lenders and their impact, including an interview with Responsible Finance CEO, Theodora Hadjimichael. Presenter Paul Lewis quizzed Theodora about how community finance firms are different… Continue reading
Community finance finds £60m lifeline for low-income households
Thanks to impact-focused responsible lenders, lower-income households have millions of pounds in their pockets they wouldn’t otherwise, a lifeline with such huge increases in the cost of living coming and yet another example of CDFIs – community lenders – helping people build financial resilience. Continue reading
Salad and Fair4All Finance finalists in Digital Leaders Impact Awards
We’re happy to see Salad Money and Fair4All Finance recognised for their work building financial inclusion and resilience. Both have been named finalists in the Financial Inclusion category of the 2022 Digital Leaders Impact Awards which… Continue reading
Regulator must be required to promote financial inclusion
Financial services regulators must take responsibility to address financial exclusion and should be required to promote financial inclusion, according to Responsible Finance and 36 other civil society organisations, charities and public interest groups. The organisations have… Continue reading
Responsible Finance responds to the Adebowale Commission on Social Investment’s report
Our member Community Development Finance Institutions (CDFIs) are social enterprises. This means they are familiar with the type of slow, organic growth described in the Adebowale Commission on Social Investment’s new report ‘Reclaiming the Future: Reforming… Continue reading