The financial system has a secret superpower. Community Development Finance Institutions (CDFIs) create jobs, nurture businesses and social enterprises, and invest in people and communities. We’re championing their impact and examining how to magnify it over… Continue reading
Category: News
Responsible Finance welcomes the FCA’s timely vulnerability guidance
“The FCA’s bold new guidance on vulnerability and its particular emphasis on inclusive design are welcome developments that will improve outcomes for all financial services customers, not just those who are more susceptible to harm. In… Continue reading
MPs urge Government to boost recovery by backing community development finance
23 February 2021: MPs including Sir Iain Duncan Smith, the former leader of the Conservative party, have backed calls to the Chancellor to inject £25m into the community development finance sector to boost the UK’s recovery… Continue reading
Responsible Finance reacts to the FCA’s Financial Lives 2020 Survey
The FCA’s new Financial Lives survey exposes the fragile state of our finances, both prior to the pandemic and now. In February last year, 20% of UK adults had low financial resilience – meaning they were… Continue reading
Responsible Finance welcomes the Woolard Review programme for reform
We welcome publication of the Woolard Review and its programme for reform. Its emphasis on boosting alternatives to high-cost credit, and its holistic approach to issues including the treatment of the very poorest when they need… Continue reading
Dozens of banks, investors and institutions commit to financing a just transition for the UK
Banks, investors and financial institutions today joined forces with universities and trade unions to launch the UK’s first alliance to finance a just transition. Coordinated by the Grantham Research Institute on Climate Chance and Environment at… Continue reading
£10 million Bounce Back Fund in Greater Manchester Second Lockdown Response
In response to gaps in Bounce Back loan availability for some Greater Manchester-based SMEs following the second national lockdown, Greater Manchester Combined Authority (GMCA) in partnership with Responsible Finance member GC Business Finance has stepped in… Continue reading
Purple Shoots’ Karen one of UK’s most awe-inspiring business leaders
Karen Davies, CEO of Purple Shoots, is one of three inspirational and successful female social enterprise founders in the running for the Gaia Award in the NatWest everywoman Awards Continue reading
Responsible Finance Responds to BBB report ‘Alone Together: Entrepreneurship and Diversity in the UK’
Responsible Finance responds to new report from the British Business Bank and Oliver Wyman, Alone Together: Entrepreneurship and Diversity in the UK. “The Alone Together report into Entrepreneurship and diversity in the UK demonstrates that access to… Continue reading
Impact Investing and Responsible Finance – Opportunities and Addressing Challenges
How can community development finance institutions – locally based finance providers lending to businesses, social enterprises and people who cannot access mainstream finance – engage with impact investors operating at scale? Sarah Gordon, Chief Executive of The Impact Investing Institute, and Ed Siegel, Chief Executive of Charity Bank, discussed opportunites, perceptions and myth-busting in our webinar. Read more here with access to the video too. Continue reading