2 March 2023: Global technology company Block Inc and ethical lender Unity Trust Bank break new ground in impact and place-based investing in the UK with £4m investment into ART Business Loans (ART), one of the… Continue reading
Category: News
£40m ‘landmark deal’ will help more key workers avoid high-cost lenders
Responsible Finance member Salad Money agrees package with US funder in landmark deal for UK community finance sector Social enterprise Salad Money will serve rocketing demand for affordable credit from NHS and public sector workers thanks to… Continue reading
Best ever festive season for trend-setting homeware business after CDFI loan
A Cheshire-based businesswoman who is setting contemporary trends in homeware celebrated her best Christmas season ever thanks to a £6k loan from the Business Enterprise Fund (BEF). NINA D specialises in a luxurious range of Scandi… Continue reading
NatWest backs community development finance institutions with £900,000 Cost of Living support
11 January 2023: £900,000 to help Responsible Finance and its not-for-profit members serve more financially vulnerable or excluded households • Package is part of NatWest’s new £5.7m hardship funding to provide cost of living support through… Continue reading
The Financial Times: CDFIs play a vital role in supporting consumers, not only with credit
19 December 2022: Financial Times banking and fintech correspondent Siddharth (Sid) Venkataramakrishnan’s latest piece (published in the FT Future of Money newsletter and online) says: “The not-for-profit world of CDFIs does not have the same rock… Continue reading
Energy, commitment, impact and opportunity – Member Day 2022 Report
Our members’ work has never been more needed by people, businesses and social enterprises, so we were delighted with the turn-out and content of our 2022 Member Day in Bristol. More than 100 CDFI leaders and… Continue reading
Salad Money and Fair4All Finance agree £2m package to grow alternatives to high cost lending for NHS and public sector workers
Salad Money, a social enterprise and Responsible Finance member, has agreed a new £2m facility with not-for-profit financial inclusion organisation Fair4All Finance. The deal will help meet increasing demand from NHS and public sector workers who might otherwise turn to unaffordable payday loans or even loan sharks. Continue reading
2022 Member Day – Workshops and Speakers
Our 2022 Member Day is for everyone working in community development finance to learn, share best practice, and find new ways to boost access to finance for people, businesses and social enterprises. It has been designed… Continue reading
Fair Finance and Fair4All Finance agree £3.3m social investment deal to tackle financial exclusion across the UK
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
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