Responsible Finance member Purple Shoots is looking for “hidden entrepreneurs” in South Yorkshire as it expands after helping hundreds of people start small businesses in Wales. The not-for-profit micro-finance organisation tackles poverty, disadvantage, unemployment and social… Continue reading
Category: News
The Financial Times: Subprime lending and the fight against loan sharks
This FT coverage is a powerful demonstration of the importance of Community Development Finance Institutions in one of the world’s most respected newspapers. Continue reading
MPs in SME finance debate call for capital to community development financial institutions
11 November 2021 – In this week’s Westminster Hall “SMEs: Access to Finance” debate, Peter Gibson MP, Vice-Chair of the APPG on Fair Business Banking, said: “We must deliver a strong local finance option for businesses… Continue reading
Help more social housing tenants to avoid high-cost credit
Drawing on insights from professionals and tenants, a new report written by Fair4All Finance and Campbell Tickell presents the case for increased shared working between housing associations and affordable lenders. It says that there is significant… Continue reading
Chancellor will stifle 200,000 businesses if cross-party proposal ignored
20 October 2021 Kevin Hollinrake MP, co-chair of the cross-party APPG on fair business banking, has written to the Chancellor calling for the scaling up of CDFIs (community development finance institutions). If no action is taken… Continue reading
Level up now by boosting black-led, female-led and regional businesses – MPs back proposals
Government urged to “fix business funding chasm to level-up now” Reducing the barriers to finance for over 200,000 viable small businesses, especially those led by Black and Minority Ethnic entrepreneurs, women, and people outside London and… Continue reading
Scam alert: we do NOT offer loans and never request bank details
We’ve been made award of fraudulent scam emails from people impersonating Responsible Finance. Some of the messages tell recipients a loan has been approved, and request their bank account details. Some use subject lines such as… Continue reading
Victoria Gosling OBE and Tim Rooney join Responsible Finance board
Responsible Finance is delighted to welcome Victoria Gosling OBE and Tim Rooney to the Board of Directors. Victoria is Chief Strategy Officer and Board Director for Auden, a socially-responsible FinTech with a mission to provide financial… Continue reading
Inquiry finds business funding gap needs local finance to make levelling-up reality
Close £22bn business funding gap to make levelling-up reality, say MPs A multi-billion pound funding gap for small businesses is preventing the UK from “levelling-up,” according to an in-depth, cross-party Parliamentary inquiry. The “Scale Up to… Continue reading
Provident Financial directs former customers to responsible finance members and credit unions
Provident Financial, which has closed its doorstep lending arm, has written to former customers to direct them to our members (community development finance institutions) and to credit unions. Our members exist so people can get affordable… Continue reading