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
Category: News
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
Help more people, businesses and social enterprises get access to responsible finance
Tens of thousands of businesses, social enterprises and people thrive every year thanks to community development finance. But many more are still excluded from affordable options. It’s time to grow community development finance institutions. For people.… Continue reading
As Provident crumbles ethical lenders build better future for 31,000 customers
Community Development Finance Institutions helped 31,000 people save £11 million in interest, according to a new report published today (19 May 2021), which highlights the urgency of scaling-up the ethical, not-for-profit affordable credit sector. Politicians across… Continue reading
Cross-party acclaim for community development finance as report reveals thousands of businesses supported
Filling a gap, fuelling thousands of businesses: report shows 12,640 jobs protected by financial superpower Thousands of jobs and businesses have the UK’s “financial superpower” to thank for lending where banks could not, according to new… Continue reading
How to Scale Up a Financial Superpower: Politicians and Stakeholders on CDFIs’ Unique Impact
The UK finance system has a superpower: Community Development Finance Institutions (CDFIs). These locally-rooted social enterprises get finance to people, businesses and social enterprises who can’t get the finance they need from banks. Here champions of… Continue reading